© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
JGBS

Modest Early Moves Stick

GOLD

Little Changed In Asia; $1,800/oz Eyed

PHILIPPINES

ING: Above Target Inflation To Keep BSP Hawkish

AUSSIE BONDS

Looking Through AOFM Issuance Slate

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Treasuries Follow Europe Richer, Real Yields Nudge Lower

US TSYS
BulletMarketsFixed Income
  • Cash Tsys have seen a belly-led flattening amidst broad risk-off sentiment, lagging moves seen in Eurozone members. The market could be particularly sensitive to growth implications in upcoming US data.
  • Early trade shows most of the decline in long-end nominal yields has been in real space, a break from the past couple days when real yields proved particularly sticky as breakevens slid.
  • 2YY -4.9bps at 2.990%, 5YY -5.3bps at 3.090%, 10YY -3.0bps at 3.059% and 30YY -2.5bps at 3.194%.
  • TYU2 trades 10+ ticks higher at 117-27, extending its bounce from Tuesday’s low on marginally above average volumes. It closes in on a key short-term resistance level at 118-08 (Jun 24 high) where a break would signal a resumption of recent gains.
  • Data: Important releases with personal income/spending & PCE inflation for May, the MNI Chicago PMI for June and usual weekly jobless claims.
  • Bill issuance: US Tsy $35B 4W, $30B 8W bill auctions (1130ET).
153 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Cash Tsys have seen a belly-led flattening amidst broad risk-off sentiment, lagging moves seen in Eurozone members. The market could be particularly sensitive to growth implications in upcoming US data.
  • Early trade shows most of the decline in long-end nominal yields has been in real space, a break from the past couple days when real yields proved particularly sticky as breakevens slid.
  • 2YY -4.9bps at 2.990%, 5YY -5.3bps at 3.090%, 10YY -3.0bps at 3.059% and 30YY -2.5bps at 3.194%.
  • TYU2 trades 10+ ticks higher at 117-27, extending its bounce from Tuesday’s low on marginally above average volumes. It closes in on a key short-term resistance level at 118-08 (Jun 24 high) where a break would signal a resumption of recent gains.
  • Data: Important releases with personal income/spending & PCE inflation for May, the MNI Chicago PMI for June and usual weekly jobless claims.
  • Bill issuance: US Tsy $35B 4W, $30B 8W bill auctions (1130ET).