Free Trial

Tsys see-sawed in relatively........>

US TSYS SUMMARY: Tsys see-sawed in relatively narrow range, mixed levels on
moderate volume (TYU>1M -- boosted by decent Sep/Dec rolling), curves continue
to grind flatter w/long end outperforming. 
-  US$ index climbing, DXY +.462 to 95.608; US$/Yen +.68 to 111.24, US$/Euro
-.0055, 1.1541; equities weaker (emini -2.5, 2858.75); gold weaker (XAU -8.40,
1187.43); West Texas crude near steady after strong Wed gains (WTI -0.01,
- Little react to data today, focus on Fed Chair Powell at Jackson Hole
eco-symposium Friday morning (speech embargoed 1000ET) while headlines from
sidelines may create some vol at symposium mixer later tonight. Listening
closely for news on timing and/or pace of balance sheet run-off. Otherwise,
headline watching continues.
- Generally light 2-way positioning, option-tied flow ahead Sep Tsy expiry Fri,
spec selling short end post data, some light profit taking 2s10s flatteners.
- Tsy cash/ylds: 2Y 100-01 (2.604%), 5Y 100-05 (2.711%, 10Y 100-15 (2.819%), 30Y
100-16.5 (2.973%).

To read the full story



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.