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US TSYS: Sell Off Continues into European Session.. 

US TSYS
  • Treasuries have continued to be weak in the Asian trading day, with bond yields higher and futures lower in today's trading.
  • Cash trading yields are 3-5bps higher across the curve with the 10-year +4.4bps to 4.217%.
  • The five year was the underperformer today up 5bps in yield at 4.10%.
  • US10YR Mar25 future is down +04 at the open to 111-01 , having closed Friday at +111-05.
  • Risk appetite has opened strongly in the region with most equity markets up strongly, with Taiwan and China leading the way.
  • President-elect Trump has threatened BRICs nations about their need to continue using the USD as the base currency and this has put a firm bid under the USD today.
  • Tonight sees ISM data in the US alongside Manufacturing PMI and construction spending. 
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  • Treasuries have continued to be weak in the Asian trading day, with bond yields higher and futures lower in today's trading.
  • Cash trading yields are 3-5bps higher across the curve with the 10-year +4.4bps to 4.217%.
  • The five year was the underperformer today up 5bps in yield at 4.10%.
  • US10YR Mar25 future is down +04 at the open to 111-01 , having closed Friday at +111-05.
  • Risk appetite has opened strongly in the region with most equity markets up strongly, with Taiwan and China leading the way.
  • President-elect Trump has threatened BRICs nations about their need to continue using the USD as the base currency and this has put a firm bid under the USD today.
  • Tonight sees ISM data in the US alongside Manufacturing PMI and construction spending.