Free Trial

Nomura N.American head of rate...........>

US TSYS/3Y
US TSYS/3Y: Nomura N.American head of rate research George Goncalves and Stanley
Sun and Penglu Zhao eyed today's 1pm ET $24B 3Y auction and said that the news
of a Fed led by new Trump Fed chair nominee Jerome Powell "calmed some investor
concern over other hawkish candidates in owning the front end. Vol adjusted
carry/roll on front end looks attractive." 
- But they warned too that "T-bill and front-end issuance sizes are about to
increase according to the latest refunding announcement." 
- And "the wide FX basis still favors investors to lend dollar liquidity instead
of investing in short-end coupons," they said. "Foreign central banks' US
Treasuries purchasing is slowing, which may dampen demand for the 3-year"
auction.

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' }); });