Free Trial

Yields Nudge Lower On Wednesday

US TSYS

TYH4 deals at 113-08+, -0-02, in line with late NY levels.

  • Cash tsys finished 5-10bps richer across the major benchmarks on Wednesday, the long end lead the bid.
  • Tsys ticked higher yesterday as softer than forecast Richond Fed Mfg and Business Conditions added a layer of support.
  • Gains extended after the latest 5-Year auction stopped through, 10YY hit its lowest level since July (3.7833%).
  • FOMC dated OIS price a terminal rate of 5.30% in January with ~166bps of cuts by December 2024.
  • There is a thin docket in Asia today, further out we have weekly jobless claims and pending home sales. The latest 7-Year supply is also due.

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.