Free Trial

Wider Moves Eyed In Early Europe

US TSYS

TY futures had a look above yesterday’s high, before a move away from best levels in wider core global FI markets (aided by typically hawkish comments from Nagel and month-to-date yield lows in Bunds holding) capped the move.

  • TYZ3 didn’t manage to challenge the Nov 17/22 high & bull trigger (109-08+) before the pullback, topping out at 109-03+.
  • The contract last shows -0-02+ at 108-29+, 0-02+ off the low of its 0-08+ range.
  • Cash Tsy yields are now flat to 2.5bp higher, with the curve bear flattening. 2s10s sits ~4bp above the low of the recent range, while 5s30s is comfortably within the confines of the range witnessed in recent weeks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.