Free Trial

Rates firmer after the bell. Tsys......>

US TSY FLOWS
US TSY FLOWS: Rates firmer after the bell. Tsys extended session highs as
equities opened higher, paring gains late as the latter continued to grind
higher. Yld curves mixed. 
Policy transmission, directional cues from data just not making much sense as
rates and equities reverse Thu's
weakness. Sources noted Post-data selling rather muted for stronger than
expected April employ data (+263k; up rvsn for Feb to 56k) cash offers stacked
above, trading tight wedge. Fed fund futures trading volume alive and well (appr
50k FFK, half blocked, traded at 97.60).
- The 2-Yr yield is down 1bps at 2.335%, 5-Yr is down 1.7bps at 2.3284%, 10-Yr
is down 1.3bps at 2.5286%, and 30-Yr is down 0.5bps at 2.9249%.

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.