Free Trial

Finish weaker but off session.......>

US TSYS SUMMARY
US TSYS SUMMARY: Finish weaker but off session lows. Looked like algos focused
on NFP miss of +134k as rates knee-jerk rallying, BUT up-revision for Jul/Aug
higher than expected (+87k) spurred heavy selling.
- Equities weak w/tech (FANG) and transports underperforming. US$ see-sawed
lower DXY -.122 to 95.628 vs. 95.516L
- Appeared flattener positions getting the tap, unwind stop outs contributed to
heavy sell flow in lond end
- Relative calm heading into data, two-way position squaring heading into data
and extended holiday weekend for rates and currencies, prop and fast$ bought
near lows in 5s and 10s earlier, flattener unwind interest takes a pause,
swap-tied buying in 4s and 10s.
- Tsy cash/ylds: 2Y 99-23.5 (2.885%), 5Y 99-03 (3.071%), 10Y 97-01 (3.227%), 30Y
92-17 (3.399%).

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.