Free Trial

Tsys hitting the lows, curve steepening.....>

US TSYS
US TSYS: Tsys hitting the lows, curve steepening hard in the last hour or so. No
catalyst (if anything the news has been bearish, with the new Hong Kong Security
Law being unveiled, and denounced by US politicians, and some rather negative
comments by NIH's Fauci on potential for COVID spread to get out of control).
Some desks citing month-end flows for the bearish Tsy move. Curve update:
* 3M10Y +2.438, 50.828 (L: 44.658 / H: 48.519)
* 1Y10Y +2.691, 49.548 (L: 44.152 / H: 46.985)
* 2Y10Y +2.942, 50.038 (L: 46.962 / H: 48.825)
* 2Y30Y +3.923, 126.022 (L: 121.382 / H: 124.121)
* 5Y30Y +2.599, 112.484 (L: 109.41 / H: 111.254)
Current futures levels:
* Sep 2-Yr futures (TU) up 0.125/32 at 110-13.125 (L: 110-13.125 / H: 110-13.75)
* Sep 5-Yr futures (FV) down 1/32 at 125-23.75 (L: 125-23.25 / H: 125-27)
* Sep 10-Yr futures (TY) down 5/32 at 139-5.5 (L: 139-04 / H: 139-13)
* Sep 30-Yr futures (US) down 18/32 at 178-15 (L: 178-11 / H: 179-13)
* Sep Ultra futures (WN) down 36/32 at 218-2 (L: 217-25 / H: 220-02)

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.