MNI BRIEF: Japan Nov Real Wages Post 4th Straight Drop

BRIEF: ECB Villeroy Says Rates Will Move To Neutral By Summer

mni: fomc minutes: at or near time to slow pace of cuts

MNI BRIEF: US Hiring, Pay Growth Continue Downshift- ADP

MNI China Daily Summary: Wednesday, January 8

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI:AUSTRALIA NOV TRADE BALANCE A$+7079

MNI: AUSTRALIA NOV RETAIL SALES +0.8% M/M

MNI: UK DEC BRC SHOP PRICES +0% M/M, -1% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS: Extended Reaction To Strong 2Y Auction

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • Treasuries have continued to extend new highs some 45 minutes after the strong 2Y auction.
  • It added fresh demand following the well touted impact from Bessent getting the Treasury Secretary pick and oil futures sliding on Israel-Hezbollah ceasefire prospects.
  • TYZ4 has touched a new session high of 110-16+ (+ 28). It made light work of resistance at 110-04+ (20-day EMA) earlier today, and sets sights on 111-09 (50-day EMA).
  • Cash yields are 9.4-13.5bp lower, with declines led by 30s.
  • 2s10s sits at -1bps (-4bp on the day), inverted for the first time since Oct 7 but it’s struggled to push much lower today.
  • Tomorrow sees FOMC minutes after a string of hawkish Fedspeak (MNI Preview here) and 5Y supply. It’s followed by GDP/PCE data and 7Y supply on Wed before Thanksgiving closures.
127 words

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.
  • Treasuries have continued to extend new highs some 45 minutes after the strong 2Y auction.
  • It added fresh demand following the well touted impact from Bessent getting the Treasury Secretary pick and oil futures sliding on Israel-Hezbollah ceasefire prospects.
  • TYZ4 has touched a new session high of 110-16+ (+ 28). It made light work of resistance at 110-04+ (20-day EMA) earlier today, and sets sights on 111-09 (50-day EMA).
  • Cash yields are 9.4-13.5bp lower, with declines led by 30s.
  • 2s10s sits at -1bps (-4bp on the day), inverted for the first time since Oct 7 but it’s struggled to push much lower today.
  • Tomorrow sees FOMC minutes after a string of hawkish Fedspeak (MNI Preview here) and 5Y supply. It’s followed by GDP/PCE data and 7Y supply on Wed before Thanksgiving closures.