Free Trial

Tsys mildly higher, near............>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys mildly higher, near mid-range on moderate volume (TYM appr
1.3M) on quiet trade following Wed's no-go FOMC. Accts sidelined ahead Fri's
April NFP (185k est) and AHE (0.2% est) as well as Fed speakers coming out of
blackout (4 Fed pres' Fri as well VC Supervision Quarles). 
- US$ index mildly lower (DXY -.156, 92.357; US$/Yen 109.19); equities well off
steep losses earlier (emini -.75, 2626.75 vs. 2591.25L); gold firmer (XAU +9.16,
1314.10); West Texas crude little firmer (WTI +0.56,
68.49). Sources note strong correlation between WTI and equities on day.
- Limited react to wkly claims (211k), trade def -$49.0B, prelim nonfarm prod
+0.7%, ISM 56.8 and factory orders +1.6%, again waiting on Fri's headline data
and Fed speaker docket for more direction
- Heavy Eurodlr option volume, >125k EOM 71p sales, ongoing closer, Blue Jun
call spd sales vs buying puts. 
- Swaps, steady to marginally wider, light volume includes payer 3s (2.8375%),
two-way switches in 5s.
- Tsy ylds: 2Y 2.480%, 3Y 2.621%, 5Y 2.782%, 7Y 2.897%, 10Y 2.946%, 30Y 3.121%

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.