Free Trial

Tsys Futures Steady Ahead Of GDP

US TSYS
  • Treasury futures have ticked slightly higher this morning, although well within Wednesday's ranges. Later today we have 2Q GDP data, with consensus at 2.8% unchanged from prior quarter.
  • TUU4 is trading + 00⅛ at 103-12⅛, while the TYU4 is + 00+ at 113-17+.
  • Cash treasury curve has steepened a touch this morning, with yields flat to 1bps lower. The 2s10s curve is almost back to flat at -3.185.
  • The Fed's Bostic suggested it "may be time to cut" interest rates next month, though he remains cautious, emphasizing the need for more data before making a decision. Bostic's stance has shifted to consider earlier rate cuts after inflation fell more quickly than expected, a point he reiterated from last week's Jackson Hole conference.

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.