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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 Tsys have seen a sizeable bear steepening today as the long end sells off on Russia de-escalation moves.
- 2YY +1.9bps at 1.594%, 5YY +3.7bps at 1.949%, 10YY +5.6bps at 2.043% and 30YY +5.6bps at 2.341%.
- This sees the 2s10s firm 3.5bps to 45bps, rising off yesterday’s low of 38bps, the lowest since Aug 2020.
- TYH2 is down 10+ ticks on the day at 125-21+ having moved sharply lower on headlines of Russian units moving back to their bases. This leaves it just above first support of 125-17+ (Feb 10 low) after which it would open 125-06+ (low May 30, 2019, cont).
- Fed: Senate Banking Committee nomination hearings for Raskin, Cook & Jefferson (1415ET).
- Data: PPI inflation is the highlight at 0830ET but Empire Manufacturing is also of note, being the first of the main surveys for Feb (also 0830ET).
- NY Fed buy-op: Tsy 4.5Y-7Y, appr $3.225B vs. $6.025B prior (1030ET)
US 2s10s USTsSource: 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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