Free Trial

Additional Factors Behind Latest Move

US TSY FLOWS
Aside from the block sales in 5s, 10Y ultras and 30s over the last hour, sell-side desks report fast$ accts selling in 5s ahead today's $61B note auction (WI 0.832% at the moment), and swap-tied selling in the intermediates.
  • Talk of sell-stops from weak longs and insurance portfolio selling in the long end.
  • Another surge in Sep/Dec futures rolling has pushed Sep 10Y volume over 2M ahead midday, Sep 5s nearing 2M as well.

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.