Free Trial

Tsys trading mostly weaker across......>

US TSY FLOWS
US TSY FLOWS: Tsys trading mostly weaker across the board (WNM -- Jun
Ultra-bonds outperforming) after midday. Yld curves paring early steepening
(5s30s made new 13M highs), amid light futures volume (TYM<740k). US$ index
bumping around session highs after a lower open (DXY +.005, 96.601); equities
looking to test midmorning highs (SPX +6.25, 2836.0).
- Generally quiet start -- central bank watch in the week ahead with the FOMC
policy announcement on Wednesday, BoE, Norges and SNB on Thursday. 
- Earlier mkt moves on UK Speaker Bercow comments re: would block third Brexit
round of voting: equities sold off, US$ rebounded and Tsys drew moderate buying
from program and fast$ accts. Decent deal-tied hedging in 3s-10s and 30s. EDH
Eurodollar futures expired 97.367 w/3M LIBOR set +0.0074 to 2.6326%, Jun'19
futures new lead quarterly under pressure after midday.
- On tap for Tuesday: Redbook retail sales; Jan factory new orders; FOMC meeting
day one of two.
- Tsy cash/ylds: 2Y 100-02.5 (2.456%), 5Y 99-26.5 (2.410%), 10Y 100-06 (2.601%),
30Y 99-24 (3.012%).

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.