Free Trial

U.S. Tsy Bear Steepening At Cash Re-Open Pushes Core FI Lower

BONDS

Early respite in the core fixed income space is wearing off, with 10-Year JGB yields tagging fresh multi-year highs on follow through from overnight trade in core FI.

  • The early bid in T-Notes has reversed, TYM1 -0-09 on the day now, with bear steepening at the fore in early cash Tsy trade, 30s sit ~4.0bp on the day, seemingly driving the move in futures.
  • Aussie bonds also off best Sydney levels as a result, YM -3.0, XM -17.5.
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.