Free Trial

Treasuries lead Rates and Bonds higher

CROSS ASSET
  • The continued bounce in US Treasuries is still somewhat perplexing, since the latest set of Data release and hour and a half ago were quite mixed.
  • Pending home sales did see a decent miss, albeit not a real known market mover.
  • The move is clearly rate related, given that the rallies are targeted in the SOFR strip and Treasuries, and no spill overs into Equites, and a lack of clear momentum in the push lower in the Dollar , despite the falls in Yields.
  • Resistance in TYU4 is seen further out, up to 110.25.
  • Similar for Bund, it is at 132.52.

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.