Free Trial

Twist Flattening Continues

US TSYS

Tsy futures moved a little lower around the cash re-open, extending on their early Mester-inspired weakness, but now operate off of worst levels of the day, with TYU2 last dealing -0-06+ at 118-23, 0-02+ off the base of the session range. Cash Tsys have continued the twist flattening theme that was observed post-CPI running 2.5bp cheaper to 1bp richer across the curve, pivoting around 10s, with the wings representing the firmest and cheapest points of the benchmark Tsy curve as Asia-Pac participants adjust to Wednesday’s market moves.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.