Free Trial

US TSYS: Sharp Renewed Steepening On A Dovish Waller

US TSYS
  • A surprisingly dovish Fed Governor Waller (voter) has seen a sharp bounce in front end Treasuries.
  • 2Y yields have dropped approaching 5bps now, trimming the day’s increase to just 1.0bps after an earlier sell-off that we had struggled to pin any headlines to.
  • 2s10s steps to fresh two-year highs at 15.6bps (+2bps on the day).

 

55 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.
  • A surprisingly dovish Fed Governor Waller (voter) has seen a sharp bounce in front end Treasuries.
  • 2Y yields have dropped approaching 5bps now, trimming the day’s increase to just 1.0bps after an earlier sell-off that we had struggled to pin any headlines to.
  • 2s10s steps to fresh two-year highs at 15.6bps (+2bps on the day).