Free Trial

Cantor Fitz analyst Justin Lederer on....>

US TSYS/3Y
US TSYS/3Y: Cantor Fitz analyst Justin Lederer on today's US Treasury $28B 3Y
note auction (+$2B from prior auction) at 1130ET, demand should be decent around
"current yield levels (2.44%, WI roll 0.75bps)." Lederer said the sector
"remains vulnerable to higher rates with the Fed in play (we remain with our
call of 3 rate hikes in 2018), we do believe there will be willing buyers with
little or no concession needed for the auction. Of note this auction is set to
be under-written at the highest yield since 2007." On the $21B 10Y auction
re-open at 1300ET, Lederer wouldn't be "surprised by a small concession leading
into 1PM. Overall 3% remains a key level in the global markets (traded as high
as 2.956% two weeks ago), but the market has thus far held below and is now
hovering in the middle of its recent range (2.792-2.956%)."

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' }); });