Free Trial

Cantor Fitz analyst Justin Lederer on....>

US TSYS/3Y
US TSYS/3Y: Cantor Fitz analyst Justin Lederer on today's US Treasury $30B 2Y
note auction (+$2B from prior auction) at 13000ET, said he "would not be
surprised by a further concession (small) leading into 1PM and/or a small tail.
Overall we believe the sector remains vulnerable to slightly higher rates given
the Fed's projected rate-hike path going forward and increased issuance in the
sector (this 2 year is $4Bln larger than January's)." Lederer also notes the 2
year "traded as high as 2.358% on the morning prior to the FOMC announcement
(currently 2.287%, WI roll ~2.875bps)."

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' }); });