Free Trial

BMO analyst Aaron Kohli eyed the........>

US TSYS/30Y
US TSYS/30Y: BMO analyst Aaron Kohli eyed the "softer than average" 10-year
auction stats and said the "0.5bp tail wasn't surprising" or "particularly large
by historic standards." He noted the 10-year note auction's "indirect bidding
was particularly light, leaving dealers with a relatively high 34.4% takedown.
And this auction sported a below average soft bid/cover as well."
- But he noted that Tuesday's 30-year bond reopening auction "is a different
beast, and while we're optimistic on the longer-term prospects for the long
bond, we'd be admittedly more so, if we build a better concession into the
auction on Tuesday."

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });