Free Trial

U.S. markets return from the long...>

US TSYS SUMMARY
US TSYS SUMMARY: U.S. markets return from the long weekend to a sharp downturn
in risk sentiment, with bull flattening in the Tsy curve amid flight to quality.
- The 2-Yr yield is down 0.4bps at 1.5%, 5-Yr is down 0.8bps at 1.3784%, 10-Yr
is down 1.4bps at 1.4825%, and 30-Yr is down 1.8bps at 1.9446%.
- Dec 10-Yr futures (TY) up 5.5/32 at 131-28.5 (L: 131-16.5 / H: 132-02.5).
- Fairly quiet overnight in Asia-Pac, but as Europe came in, stocks went sharply
lower (E-minis -0.9%) as Brexit risks / early U.K. election seen driving
risk-off, with dollar hitting 34-yr high vs GBP.
- Attention will be paid all day to Brexit headlines, less so Italy as 5-Star
and PD setting out policy agenda and 5-Star membership votes on coalition.
- Slight bull flattening in Eurodollar strip, most contracts up 2-4 ticks.
- ISM Aug manufacturing survey and Jul cons. spending out at 1000ET.
- FOMC`s Rosengren (hawk, 2019 voter, Jul dissent) speaks after market close.

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.