January 31, 2023 11:47 GMT
Ultimately Little Changed After EU Data, ECI and Chicago PMI Ahead
US TSYS
- Cash Tsys currently sit little changed after retracing an initial bid with spillover from mixed European data. The net result are benchmark tenors all tracking well within yesterday’s range ahead of some important data releases on day one of the FOMC’s two-day meeting. We highlight the Q4 ECI, MNI Chicago PMI and Conference Board consumer survey.
- 2YY +0.2bps at 4.326%, 5YY -0.3bp at 3.659%, 10YY -0.2bp at 3.535%, 30YY -0.3bps at 3.649%.
- TYH3 trades 4 ticks higher at 114-13 off earlier highs of 114-19 on modestly above average volumes. Support is seen close by with the Jan 30 low of 114-05+ after which lies the 50-day EMA of 114-00, whilst to the upside sits 114-28 (Jan 27 high).
- Data: ECI Q4 (0830ET), FHFA & S&P CoreLogic house prices Nov (0900ET), MNI Chicago PMI Jan (0945ET), Conf. Board Consumer Survey Jan (1000ET), Dallas Fed services index (1030ET).
- No issuance
147 words