Free Trial

Tight

BOND SUMMARY

Little to write home with headline/data flow subdued ahead of the holiday season. T-Notes stick to a tight range, last trade +0-02 at 137-26+, with cash Tsy yields sitting marginally lower across the curve. Eurodollar futures trade -0.5 to +0.5 tick through the reds. The vote on the economic relief funding bill in U.S. House is underway at typing.

  • JGB futures climbed to a session high of 152.15 before trimming gains and last trade at 152.11, 3 ticks above last settlement. Cash JGB yields are marginally mixed across the curve. A liquidity enhancement auction for off-the-run 15.5-39 Year JGBs headlines locally on Tuesday.
  • Australian YM sits +1.5 & XM -0.5, while cash ACGB yields trade -0.9bp to +0.7bp across a slightly twist-steepened curve. Bills last seen unch. to +2 ticks through the reds. Australian retail sales posted solid gains in Nov (+7.0% M/M vs. exp. of +2.0%), according to preliminary data. The report revealed the expected Covid-related divergence across the states.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.