Free Trial

Paring a small portion of Wed's........>

US TSY FLOWS
US TSY FLOWS: Paring a small portion of Wed's move, Tsys trading firmer, near
top end of narrow range, June takes lead quarterly (decent volume TYM>400k). US$
index little off late O/N lows (DXY -0.280, 98.874); equities weaker (SPZ -5.5,
2789.5). 
- Overnight flow included fast$ and bank portfolio buying 10s, real$ buying
intermediates earlier; real$ sold 7s-10s during London hours, prop buying 5s,
general month end buying and two-way deal-tied flow. Light swap-tied flow, rate
paying in 5s earlier.
- On tap for Thursday: jobless claims (220k est); Q4 GDP (init) (2.1% est);
ISM-Milwaukee Mfg Index; MNI Chicago PMI (58.0 est); Q4 housing vacancies rate.
Multiple Fed speakers on tap with Fed Chair Powell on economic developments and
long term challenges dinner event in NY. 
- Tsy cash/ylds: 2Y 100-01 (2.480%), 5Y 99-19 (2.460%), 10Y 99-20.5 (2.664%),
30Y 99-00.5 (3.049%).

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.