FOREX: USD Rallies, GBPUSD Extending Lower as Trendline Breaks Monitored

Sep-25 12:42

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* Stronger US data across the board has prompted a solid bump higher for the greenback, with the U...

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US TSYS: Post-Data React

Aug-26 12:34
  • Treasury futures pare gains after higher than expected Durable/Cap Goods Orders, Philadelphia Fed Non-Mfg Activity declines.
  • Tsy Sep'25 10Y futures currently trades +1.5 at 112-00.5 vs. 112-03 high. Sights are on 112-15+, the Aug 5 high and the bull trigger. Clearance of this hurdle would resume the uptrend and pave the way for a climb towards 112-23 initially, the May 1 high.
  • Curves twist steeper: 2s10s +2.367 at 57.312, 5s30s +4.066 at 114.350.
  • Little react in US$ after scaling back Monday's late gain, BBDXY -2.76 at 1204.85.

GILTS: Roll Pace Update

Aug-26 12:33
  • A decent clip in the Gilt spread, ~20k trades on legs at 3.
  • The spread has mostly been bought, but remains in its tight 1/5 low/range seen in the past 11 sessions.
  • Gilt roll Pace is at 82% completion, and expect for the December to be front Month by the end of day, or at the very least Tomorrow.

MNI: US AUG PHILADELPHIA FED NONMFG INDEX -17.5

Aug-26 12:31
  • MNI: US AUG PHILADELPHIA FED NONMFG INDEX -17.5