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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUS TSYS: Cash Bonds Open little Changed
TYH4 is trading at 111-14, -02 from NY closing levels.
• FI markets recovered slightly last night from last week's pushback from the Fed regarding projected rate cut pricing through mid-2024.
• Cash bonds have open largely unchanged to start Asia trading, with with traders waiting for The Bank of Japan decision on central Bank policy, sometime after 1130 local time, BoJ Ueda presser follows appr 4 hours later.
• Moderate volumes overnight, TYH4 over 1.2M as the contract see-sawed in the upper half of the session range, trading 111-13.5 (+9.5) after the bell -- well inside technicals: with resistance at 111-26/112-26+ (20-day EMA / High Jan 12) vs. support at 110-26 (Low Jan 19).
• Quiet in terms of data tonight with Richmond Fed Manufacturing index , and Tsy 2Y note sales the only things to note
To read the full story
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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.