Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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 TSY FLOWS: Tsy futures trading weaker w/Bunds and Gilts, curve steeper
w/futures off recent lows on moderate volume (TYZ>270k). Mild unwind, position
squaring ahead Fed chair Yellen open remarks at banking conf in St Louis Wed at
1515ET, and Fri's NFP (+73k est). Equities firmer (emini +1.5, 2527.75), gold
little weaker (-0.23, 1270.70), oil weaker (WTI -0.14, 50.44).
- Asia, Tsys inched lower after steady/mixed open. Flow included Asian central
bank buying short end, real$ selling intermediates, particularly 10s with $mngr
and Japanese insurance portfolio selling as well. Hong Kong back from Mon
holiday, Hang Seng surge >3%, China bank shares outperform after reserve
requirement ratio cut for some banks (annc Sunday).
- London, two-way flow early w/TYZ bounce to steady before selling off again.
Flow included real$ and foreign central bank buying 2s and 3s, Asian bank and
real$ bought 5s, credit-tied sales 10s with prop and option-tied sales,
deal-tied hedging weighing.
- Swaps, spds mixed, spd curve flatter amid 2-way curve flow.
- Eurodollars, mildly weaker, short end outperforming.
MNI Chicago Bureau | +1 312-431-0089 |
MNI Chicago Bureau | +1 312-431-0089 |

To read the full story

Why Subscribe to

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.