Free Trial

Front end spds continue to grind wider,....>

US SWAPS
US SWAPS: Front end spds continue to grind wider, dragging balance of spds off
earlier lows. In-line, heavier rate paying in 1s (>$2B nominal) around
2.5690-2.5675%, 2s and 7s (around 2.361-2.375%; mixed flys last hour includes
2,3,4 receiver and 2s5s6s payer. Earlier -- 2Y popped wider in post 3M LIBOR
higher set/front end selling, rate paying around 2.443%-2.4352%. Spds were
tighter on back of Tue's healthy issuance. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
10:45       +1.88/10.56   +0.50/4.00     +0.06/-1.44   -0.19/-24.44
9:00        +1.38/10.06   +0.12/3.62     -0.12/-1.62   -0.31/-24.56
Wed Open    +1.12/9.75    +0.12/3.62     -0.25/-1.75   -0.31/-24.56
Wed 7:30    +1.12/9.75    +0.00/3.50     -0.31/-1.81   -0.44/-24.69

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.