Free Trial

Nomura analysts also add on 2Y auction...>

US TSYS/2Y
US TSYS/2Y: Nomura analysts also add on 2Y auction challegnes that the US Tsy
"front-end supply is rapidly rising, and may accelerate after the Fed starts its
balance sheet normalization process, which could weaken some demand."
- So they add that "heading into the 2yr auction after the September FOMC, we
are cautious on investor demand. December-hiking probability rose sharply above
50% in recent weeks, which could be a concern for owning front-end USTs. Foreign
central banks' UST holdings also surpassed the 2015 high" so "their appetite
might have started to recede as suggested by a weak 3yr auction earlier this
month." 

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });