Free Trial

TY To Fresh Lows, Support Levels Untested

US TSYS

TYM4 through earlier session lows although the bear trigger at 109-25+ remains intact/untouched.

  • Cash yields 1-3bp higher across the curve, bear steepening.
  • February year-to-date yield highs intact across the curve, providing key bearish targets.
  • Front end of the Tsy curve is closest to challenging those extremes.
  • A little more Fed rate cut premium comes out of ’24 STIRs on the move.
  • FOMC-dated OIS still fully pricing a July ’24 cut, with ~70bp of ’24 cuts showing (the latter moves through Friday’s extremes).
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.