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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 bull flattening today after yesterday’s post-FOMC bear flattening. Most recent comments from the Kremlin that reports of major progress in Ukraine talks were wrong only accounted for about a 1.5bp dip in 10YY before largely reversing the move.
- The continued flattening sees 2s10s touch 20bps (lowest since Feb/Mar-2020) whilst 5s10s continue to sit around 0bps, last seen for a prolonged period of time in 2006-07.
- 2YY -2.2bps at 1.916%, 5YY -6bps at 2.120%, 10YY -6.2bps at 2.123%, 30YY -8.1bps at 2.372%.
- TYM2 sits 16+ ticks higher on the day at 124-24 on slightly above average volumes. Yesterday’s low of 123-25+ likely becomes new support whilst resistance remains at 126-13+ (Mar 11 high).
- Data: A solid day for second tier releases with jobless claims, housing starts/building permits (0830ET), Philly Fed (0830ET) and IP & cap util (0915ET).
- Bill issuance: US Tsy $45B 4W, $35B 8W bill auctions (1130ET).
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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