• Tsys see-saw around pre-data lows, weaker Building Permits (1.442M vs. 1.468M est; MoM (0.1% vs. 1.5% est), stronger Housing Starts (1.452M vs 1.450M est; MoM (3.9% vs. 1.1% est).

    Still no obvious driver for sell-off in rates prior to the release. At the moment, TYU3 at 109-26 +1.5 vs. 109-24 low compared to appr 110-00 prior to move. Curves hold steeper, 2Y10Y +3.078 at -71.681.
  • Still no obvious driver for sell-off in rates prior to the release. At the moment, TYU3 at 109-26 +1.5 vs. 109-24 low compared to appr 110-00 prior to move. Curves hold steeper, 2Y10Y +3.078 at -71.681.

US TSYS: Post-Housing Start/Build Permit Data React

Last updated at:Aug-16 12:41By: Bill Sokolis
  • Tsys see-saw around pre-data lows, weaker Building Permits (1.442M vs. 1.468M est; MoM (0.1% vs. 1.5% est), stronger Housing Starts (1.452M vs 1.450M est; MoM (3.9% vs. 1.1% est).

    Still no obvious driver for sell-off in rates prior to the release. At the moment, TYU3 at 109-26 +1.5 vs. 109-24 low compared to appr 110-00 prior to move. Curves hold steeper, 2Y10Y +3.078 at -71.681.
  • Still no obvious driver for sell-off in rates prior to the release. At the moment, TYU3 at 109-26 +1.5 vs. 109-24 low compared to appr 110-00 prior to move. Curves hold steeper, 2Y10Y +3.078 at -71.681.

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