Free Trial

Treasuries Soften On Weekend Ceasefire Rhetoric

US TSYS
  • Cash Tsys opened softer overnight and then continued the move as London came in, with the driver seemingly hopes of a ceasefire after weekend commentary.
  • The move has been led by the belly but still sees 2YY rise to the highest since Aug-2019.
  • 2YY +7bps at 1.818%, 5YY +8.8bps at 2.035%, 10YY +8.6bps at 2.078%, 30YY +8.2bps at 2.436%.
  • TYM2 is 20 ticks lower at 125-10 but off session lows of 125-05 having cleared the bear trigger of 125-14+ (Feb 10 low) and very briefly the further support of 125-06+ (May 30, 2019 low (cont)). Volumes are modestly above average.
  • Data: NY Fed survey of consumer expectations. PPI/Empire Mfg for Feb/Mar tomorrow.
  • T-bill issuance: $60B 13W, $51B 26W bill auctions (1130ET).

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.