Free Trial

'Tis The Season

US TSYS
Tsy futures trading mixed on extremely light post-Christmas holiday volumes: TYH2 just over 77k, no surprise with London closed through Tuesday in observance.
  • Bonds outperforming, yield curves flatter (5s30s -2.48 at 63.53), futures trading near low end narrow overnight range. Absorbing $56B 2Y Notes may be challenging.
  • Equities firmer, ESH2 +9.0 at 4724.75; Gold -3.75 at 1806.51; West Texas crude -.89 at 72.90.
  • Limited data today: Dallas Fed Manf. Activity (11.8 prior, 13.0 est).
  • QE: NY Fed buy-operations pause for holidays, resume January 3.
  • Tsy Auctions: $60B 13W, $51B 26W Bill auctions at 1130ET; $56B 2Y Note auctions (91282CDR9).
  • Headline watching: Russia said on Saturday it was pulling back about 10,000 troops from near the Ukrainian border in an unexpected major de-escalation, MSN.
  • FT reported US will lift travel bans imposed last month on eight African countries. Foreign nationals travelling to the US from those countries will be allowed to board flights to America from midnight on December 31.

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.