Free Trial

Twist Flattening Holds

US TSYS

The early twist flattening impulse has held, even as Chinese assets look for clear direction and the move lower in e-minis has moderated, with China’s unwavering support for its zero covid strategy in the driving seat when it comes to wider market dynamics. Cash Tsys run 1.5bp cheaper to 1.5bp richer across the curve, with the inflationary and growth impulse from a lengthier period of ZCS in China being felt. TYZ2 deals -0-02+ at 109-31, 0-02 off the base of its 0-09 range. The previously flagged block sale in TU futures (-2.4K) headlines on the flow side thus far.

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.