Free Trial

Treasuries hold session high........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries hold session high prices midday Mon amid drew
safe-haven buying as N.Korea foreign minister said it could potentially fire at
US planes even if technically not in N. Korea airspace. That occurs against
N.Korea saying US Pres. Trump weekend comments were act of war in its view. 
- Tsys began NY higher, flatter as overnight rally picked up speed around 4am ET
as Tsys tracked EGBS upward after German election results and FTQ on Mideast
jitters. Tsys had  technical buying as 10Y cash note and 10Y Tsy futures broke
upside pivot levels, which brought bullish technical buying. 
- Tsys saw FX-tied black box buying as US$ ebbed vs. Jpn yen. Tsys bolstered by
firmer EGBS and UK Gilts though some brief profit-taking occurred before marched
higher again. Mideast concerns had aided EGBs and Gilts amid Turkey/Iraq/Iran
pol.jitters. Tsys drew 160,000 in TYZ futures bought from 125-29.5 to 126-03,
VWAP at 126-00.5. 
- Tsys saw some real$ and fast$ sellers at the highs; gold surged then recently
pared gains. The Dec rate hike probability is now 61.6%% (MNI PINCH) after
previously breached 70% level.

To read the full story

Close

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.