Free Trial
BOJ

Fixed Rate Operation Offer

BOJ

BoJ Makes Rinban Purchase Offers

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
US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have maintained Thursday's bullish momentum, as
markets continued to weigh US President Trump's abrasive trade rhetoric and
volatility in emerging markets.
- Yields lower across the curve, with the belly outperforming. 2-Yr yields down
0.8bps at 2.641%, 5-Yr down 1.2bps at 2.738%, 10-Yr down 1.1bps at 2.844%.
- Risk aversion has picked up this morning as Trump Thursday in a Bloomberg
interview threatened to pull the US out of the WTO and said the EU would not
escape his ire over trade for long. Separately he indicated he supported $200bln
in tariffs on China to be announced as soon as next week.
- After a sharp sell-off in EMFX this week, which has helped fuel general risk
aversion, TRY, MXN and ZAR all trade slightly higher, but still have a long way
to go before recent damage is repaired.
- The eurodollar futures strip is stronger, Jun19 to Dec22 up 1.5-2.0 ticks.
- Focus turns to Chicago PMI, Michigan revisions and any update on
US-Canada-Mexico trade negotiations, with a potential deal with Canada
potentially forthcoming today.

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.