register nowRegister now
US 10YR FUTURE TECHS

(M1)‌‌ Needle Still Points North

OPTIONS

Expiries for Mar 02 NY cut 1000ET (Source DTCC)

GILT SUMMARY

Budget And Financial Tightening In The Spotlight

*** Tsys trading mixed into the.....>

US TSYS SUMMARY
US TSYS SUMMARY: *** Tsys trading mixed into the close, month end flurries with
a slug of TYZ at 124-30 (-2.5/32) after the bell, hearing sales. No real
imbalances, Tsy sets' look in-line with late price action so far. Curve flatter
w/long end outperforming. Quiet month end, start of two-day FOMC policy meeting
(no shake-up expected Wed, rate hike in Dec largely priced in).
- Relatively low volume day (TYZ<1.25M), low open volume w/Germany out on
holiday.
- Limited react to 3Q ECI +0.7% as expected, US Redbook Oct store sales -1.3%,
US Aug Case Shiller home price index +0.5% m/m and strong Oct Chicago PMI number
of 66.2 up from 65.2 in Sep. Carry-over support after bid developed in Euro
bonds.
- Modest two-way on day, relative value and mnth end buying vs. FX-tied sales as
US$ climbed vs. Yen. Deal-tied flow in the mix. Two-way position squaring ahead
Fri's NFP (315k est vs. -33k in Sep) 
- Powell leads replacement Fed chair poll at 90% ahead expected annc by US Pres
Trump Thu. Taylor pick likely to roil mkt/bear flattening rates. 
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com