Free Trial

Muted re-open for the space. Tsys......>

US TSY/RECAP
US TSY/RECAP: Muted re-open for the space. Tsys pulled back from best levels
late in NY trade on the back of a strong reversal in U.S. equities, as the Dow
closed 600 points off its lows, ~+1.1% on the day. T-Notes finished in the upper
end of the range, but shy of best levels owing to the move. Curve bull
steepened. Talk of month-end adjustments dominated once again. Soft confidence
data and risk off flows had supported earlier in the day.
- Latest 7-Year note auction stopped through, although the cover ratio moderated
a touch, with decent indirect participation noted.
- Eurodollar strip finished higher, at levels just off top end of range, less
reluctant to pull back then Tsys on the equity rally.
- Chicago PMI data headlines Friday.
- T-Notes last 121.12, U.S. 10-Year cash Tsy yields closed at 2.767%.
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.