Free Trial



10Y Call Buyer


Bullish Moving Average Set-Up

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/RECAP: Tsys finished lower after trading higher early on. Fed Chair
Powell's inaugural semi-annual MonPol testimony hit the wires. He was upbeat on
the economic outlook for the US and CME Fed Fund futures now price a circa 75%
chance of 3 hikes in 2018.
- As yields moved back from highs sources noted fast money & prop buying in
action before Powell's Q&A.
- Rates reversed their bounce during the Q&A, and made new session lows, with
better real money and bank in the selling long end.
- Heavy futures volume noted ahead June taking top step tomorrow.
- The swap curve continued to flatten, short end gapping wider following another
higher 3M LIBOR fix.
- T-Notes last at 120.14+, 10-Year yields last 2.893%
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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.