Free Trial

US short end Govies lead lower

CROSS ASSET
  • As noted on the open, further push higher in Bund, opens to the next resistance seen at 129.70 50% Sep - Oct Downleg.
  • In yield terms, this retracement would hit 2.736%.
  • Today reference 129.43, this level would equate to 129.67.
  • For now Yesterday's high at 129.45, did print a 129.47 high overnight, is holding, led by the earlier pressure into the US shorter end Treasuries, 2s, 5s, and in turn similar pressure in German Schatz and Bobl.
  • Tnotes test its low, FVZ3 sold in another 2.5k and TUZ3 2.5k.
  • USDJPY now test 149.00, following the push lower in US Treasury futures.

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.