MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS: Tsys Futures Edge Higher, Volumes Low With Asia Out

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Global rates are slightly higher, most of Asia out for a public holiday, with both JGBs & US tsys trading closed for the session. Tsys futures jumped slightly higher on the open, before paring some gains. TYZ4 is back to trading near session highs, however volumes have been on the low side.
  • TUZ4 is outperforming +00⅞ at 104-11⅛ while TYZ4 is + 01 at 115-14+.
  • The trend in TYZ4 is higher with the latest pullback is considered corrective. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. The move higher confirms a resumption of the uptrend and paves the way for a climb towards the 116.00 handle. MA studies remain in a bull-mode position with firm support is seen at 114-19, the 20-day EMA.
  • Projected rate hikes through year end firmer vs. late Thursday levels (*) : Sep'24 cumulative -38.1bp (-31.5bp), Nov'24 cumulative -76.6bp (-68.6bp), Dec'24 -117.4bp (-107.5bp).
  • Slow start to the week ahead with Empire Manufacturing early Monday, Tuesday Retail Sales while focus will turn to Wednesday's FOMC announcement
177 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.
  • Global rates are slightly higher, most of Asia out for a public holiday, with both JGBs & US tsys trading closed for the session. Tsys futures jumped slightly higher on the open, before paring some gains. TYZ4 is back to trading near session highs, however volumes have been on the low side.
  • TUZ4 is outperforming +00⅞ at 104-11⅛ while TYZ4 is + 01 at 115-14+.
  • The trend in TYZ4 is higher with the latest pullback is considered corrective. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. The move higher confirms a resumption of the uptrend and paves the way for a climb towards the 116.00 handle. MA studies remain in a bull-mode position with firm support is seen at 114-19, the 20-day EMA.
  • Projected rate hikes through year end firmer vs. late Thursday levels (*) : Sep'24 cumulative -38.1bp (-31.5bp), Nov'24 cumulative -76.6bp (-68.6bp), Dec'24 -117.4bp (-107.5bp).
  • Slow start to the week ahead with Empire Manufacturing early Monday, Tuesday Retail Sales while focus will turn to Wednesday's FOMC announcement