Free Trial

Extremely limited swap flow thus far,......>

US SWAPS
US SWAPS: Extremely limited swap flow thus far, with Tsys sticking to a tight
range in a headline light Asia-Pacific session. Swap rates had edged higher at
the margin early on, in a similar manner to Tsys, before shorter dated swap
rates and Tsy yields ticked lower, resulting in modest twist steepening across
both curves. Spds held a touch wider throughout the session, albeit back from
wides last.
Spd levels:
* 2Y +0.13/13.63
* 5Y +0.13/10.50
* 10Y +0.06/3.50
* 30Y +0.02/14.00 
Trades of note included:
- At 02:19GMT there appeared to be a USD250mln payer of USD 2Y at 2.91436%
- At 03:48GMT there appeared to be a USD63.7k DV01 2Y-7Y FLATTENER at 1.43bp
- At 03:48GMT there appeared to be a USD87.9k DV01 5Y-10Y STEEPENER at 7.47bp
- At 04:15GMT there appeared to be a USD150mln receiver of USD 2Y at 2.90625%
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.