Free Trial

Tsys Futures Track European Bond Futures Lower, Cash Trading Closed

US TSYS
  • Treasury futures saw some weakness as Europe logged in on Monday as tsys looked to track European bonds futures lower following a hawkish ECB sources report and decent size EUR & GBP bonds issuance. Both TUZ4 & TYZ4 made multi week lows before tracking sideways into a early close for Labor Day.
  • TUZ4 closed -0-01 at 103-24+ while TYZ4 closed -0-4 at 113-15.
  • Projected rate cut pricing through year end has cooled 1bps vs. early Friday levels: Sep'24 cumulative -32.7bp (-33.0bp), Nov'24 cumulative -65.3bp (-65.7bp), Dec'24 -98.9bp (-100.4bp)
  • Today, S&P Global US Manufacturing PMI following by Construction Spending & ISM Manufacturing
  • We also have Treasury to auction $76 billion 3-month bills, $70 billion 6-month bills, $46 billion 1-year bills & $65 billion 42-day bills

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.