Free Trial

Two-Way Snap Reaction Turns To Steadily Building Rally

US TSYS
  • Treasuries saw two-way trade immediately after the FOMC decision but are now increasingly bid and have broken through the day’s range.
  • Cash yields push to 6-7bps lower on the day.
  • TYM4 hits 107-29+, through the day’s high of 107-26 but within yesterday’s range. Resistance is seen at 108-11 (20-day EMA) but with the trend needle pointing south and support at 107-04 (Apr 25 low).

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.