Free Trial

Tsys Hit Session Lows As Politico Reports 'On The Brink' Of A Fiscal Deal

US TSYS

Politico's Jake Sherman reports "BREAKING … Hill negotiators are on the brink of a $900bn coronavirus rescue package that would include a new round of direct payments, but would leave out state and local aid, and a liability shield."

Equity futures knee-jerk to session highs before pulling back, with 10-Yr Tsy futures dropping to session low (137-23) and curve bear steepens. FX not seeing impact though.

Curve update:

  • 3M10Y +2.389, 85.585 (L: 81.608 / H: 85.751)
  • 1Y10Y +2.897, 84.821 (L: 80.844 / H: 84.987)
  • 2Y10Y +2.349, 81.251 (L: 78.275 / H: 81.417)
  • 2Y30Y +3.153, 156.274 (L: 152.722 / H: 156.543)
  • 5Y30Y +1.882, 130.199 (L: 128.355 / H: 130.334)

Current futures levels:

  • Mar 2-Yr futures (TU) down 0.375/32 at 110-14.5 (L: 110-14.5 / H: 110-15.25)
  • Mar 10-Yr futures (TY) down 5/32 at 137-22.5 (L: 137-21.5 / H: 138-00.5)
  • Mar 30-Yr futures (US) down 15/32 at 172-14 (L: 172-11 / H: 173-12)

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.