Free Trial

Early Buying After Vaccine-Tied Selling

US TSY FLOWS
Trading desks reporting domestic real$ buying 2-3s around recent lows, leveraged accts buying 5s. This after chunky 5Y futures block sales (-16.9k) and sell-stops triggered on first and second downdrafts.
  • Tsys and Bunds reversed late overnight bid (tied to reports suggested that the UK Govt will announce stricter Covid restrictions in face of Omicron variant) sold off on headlines that third dose Pfizer, Biontech vaccine effective against Omicron variant.

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.