Free Trial

Post 5Y Block Buy Reflections, Yld Curves Steepening

US TSY FUTURES

Trading desks posit large 11k FVM1 Block buy at 123-26.5 (through the 123-26.25 offer at time) may have been first half of legged of steepener as 30Y bonds continue to grind lower. 30YY currently 2.2942% -- puts it back to middle of last week Tuesday's level; 5YY 0.8829 high puts it back to April 13 mid-session. Latest yld curve levels:

  • 3M10Y +6.613, 161.506 (L: 154.485 / H: 161.506)
  • 2Y10Y +4.842, 144.539 (L: 139.263 / H: 144.539)
  • 2Y30Y +4.725, 211.752 (L: 206.645 / H: 211.752)
  • 5Y30Y +0.396, 141.286 (L: 139.042 / H: 141.715)

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.