Free Trial

Tsys Bounce, Geopol Angst Simmers

US TSYS

Some misc Pres Biden headlines re: Russia's Putin speaking at some point

as well as:
  • U.S. SEEKS `PREDICTABLE AND STABLE' TIES WITH RUSSIA: REEKER, Bbg
  • STATE DEPT.'S PHILIP REEKER DISCUSSES BLINKEN'S BRUSSELS TRIP, Bbg

Nothing really market moving from a geopolitical standpoint, but Tsys are bouncing off low end of range with equities bouncing as well: ESM1 near steady.

For a tactical view on Tsy curve, Soc Gen strategists say "it's game on for steepeners."

  • But the belly will likely come under renewed pressure as fundamentals improve. Position for tamer volatility in the 1-5y part of the curve by way of vol carry trades or a vega-neutral fly.
Currently, 5s30s +1.166 at 159.474 after breaking 166.6 Thursday.

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.