Free Trial

As noted -- Sharp......................>

US TSY FLOWS
US TSY FLOWS: As noted -- Sharp risk-off/safe-haven bid to Iran retaliatory
missile strikes on US air bases in Iraq late Tuesday have evaporated amid
miraculous reports of zero casualties. Pres Trump postponed address to nation
from last night to sometime this morning. 
- Tsy futures trading marginally higher, well off overnight highs/near lows on
very heavy volumes, TYH already over 1.36M futures; 10YY fell to 1.7065% low on
early overnight action, currently back to 1.8060%.
- Overnight trade included prop, fast- and real$ buying across the curve early
on, turning two-way as retaliatory strikes deemed more measured than escalatory,
real$ sellers with prop accts in long end, swap-tied selling in 5s and 7s,
pre-auction short sets ahead 10Y auction R/O.
- The 2-Yr yield is down 0.4bps at 1.5363%, 5-Yr is down 0.5bps at 1.6073%,
10-Yr is down 0.3bps at 1.8143%, and 30-Yr is down 0.5bps at 2.3001%.

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.