Free Trial

After evaporating in late Wed trade,...>

US TSY FLOWS
US TSY FLOWS: After evaporating in late Wed trade, risk-off returned in the
evening after Pres Trump trade comments at a rally in Florida. Trump's China
'broke the deal' spooked mkts while China vows retaliation for any increased
tariffs. US strike force nearing Iran adding to angst.
- Tsy ylds more than make up for Wed's bounce, 10YY now -.0466 at 2.4370%. VIX
makes new highs at 22.09, currently 21.42 (+2.02). Equities near lows (ESM9
-22.0, 2865.25).
- Overnight flow included retail acct buying short end, recent block buys>20k
June 2Yr futures, leveraged acct buying across curve, prop and real$ buying
intermediates to long end. pre-auction short sets 30s.
- On tap for Thursday: Weekly jobless claims; trade balance for March; Apr Final
Demand PPI; March wholesale inventories and sales; Fed weekly securities
holdings.
- The 2-Yr yield is down 4.1bps at 2.2559%, 5-Yr is down 4.8bps at 2.2366%,
10-Yr is down 4.7bps at 2.437%, and 30-Yr is down 3.3bps at 2.8605%.

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.