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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.
US TSYS
- Cash Treasuries bear flatten after four consecutive days of moving steeper as Fed hike expectations firm.
- This sees 2s10s at 16bps, having been -10bps at the start of the week, despite 10Y yields earlier touching new cycle highs as QT considerations continue to weigh.
- 2YY +5.0bps at 2.509%, 5YY +2.9bps at 2.735%, 10YY +0.6bps at 2.664% and 30YY -0.1bps at 2.678%.
- TYM2 sits 7 ticks lower at 120-10+ having earlier touched a new cycle low of 120-05 amidst below average volumes. It continues to sit close to support of 120-04+ (low Dec 12/13, 2018 cont) whilst resistance is the 20-day EMA of 122-27+.
- Geopolitical headlines likely to dominate today with limited potential drivers scheduled, with no Fedspeak or issuance and only wholesale inventories/sales for data.
US 2Y yields, 10Y yields and 2s10s spread (mid, not ask yields per text)Source: Bloomberg
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.
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