Free Trial

NZGBs A Touch Cheaper To Start


Hawkish Fed Bets Drive The USD Higher


Bounce From Recent Lows Extends

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

Treasuries have bounced from the....>

US TSYS SUMMARY: Treasuries have bounced from the lows set in early Wednesday`s
European trading, but curves remain steeper.
- Mar 10-Yr futures (TY) down 6.5/32 at 130-25.5 (L: 130-20.5 / H: 130-30), with
the cash curve bear steepening: 2-Yr yield up 0.6bps at 1.4296%, 5-Yr up 0.8bps
at 1.4289%, 10-Yr up 1.2bps at 1.6126%, 30-Yr up 0.7bps at 2.0733%.
- Pressure overnight came from continued risk-on (equities pushing higher) and
slowing of China Coronavirus death toll / growth in new cases.
- Hawkish RBNZ also weighed on global FI, as arguably did Sanders` expected win
in NH primary (seen as less likely to beat Trump, so risk-on).
- Philly Fed`s Harker discusses the economic outlook at 0830ET; SF`s Daly makes
an appearance at 0900ET.
- Powell's testimony before the Senate Committee on Banking, Housing and Urban
Affairs will begin at 0930ET, NOT 1000ET as previously scheduled. No new text
expected, but will be Q&A. Again, don`t expect much new.
- On Tues, Fed presidents made case for holding; Bullard said rates are "steady
as she goes"; Kashkari said coronavirus isn't major risk to the US economy.

To read the full story

Why Subscribe to

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.