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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.
US TSYS
- Cash Treasuries sit softer on the day despite a recent rally, largely consolidating yesterday’s bear steepening which drove 2s10s ~10bps higher, currently at 27bps having touched -10bps early last week. It is broadly back to where it was prior to the Mar 16 FOMC decision.
- 2Y yields are 9bps off last week’s new high of 2.60% despite a continued ratcheting up in Fed hike expectations, whilst 10Y yields are only 4.5bps off highs touched overnight (highest since Dec-2018)
- 2YY +1.5bps at 2.512%, 5YY +0.9bps at 2.797%, 10YY +1.0bps at 2.790%, 30YY +0.2bps at 2.810%.
- TYM2 is down just 2 ticks at 119-22 having increased sharply in recent trade. The bear trend is seen extending, with support at the intraday low of 119-10+ after which it eyes at 119-04+ (low Dec 3 2018 cont).
- Data: Dominated by CPI for March at 0830ET, with headline surging +1.2% M/M on energy whilst core is seen at +0.5% M/M after +0.51% M/M in Feb. Monthly Budget Statement at 1400ET.
- Fedspeak: Brainard (voter, soon to be VC) at 1210ET before Barkin (2024 voter) late on at 1900ET.
- Bond issuance: US Tsy $34B 10Y note auction re-open (91282CDY4) at 1300ET
Source: Bloomberg
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.
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