Free Trial

Rates had sold off/pared gains.........>

US TSY FLOWS
US TSY FLOWS: Rates had sold off/pared gains recent on positive trade headlines
(EU willing to scrap industrial, auto tariffs Politico reports) seems too good
to be true while Tsys retraced. Tsys mildly higher now, volumes tapering off as
futures rolls wind down, Dec takes lead Fri. Data on tap w/ests': weekly claims
(213k), personal income (0.3%), total PCE price index (0.2%); Chicago PMI
Friday. 
- Choppy US$ index now up DXY +.013, 94.613 (94.469L/94.719H), $/Eur off -0.0020
1.1688, $/Yen weaker -.25 111.43; equities off lows (emini -5.25, 2909.5); Gold
off (XAU -2.05, 1204.60); West Texas crude firm (WTI +0.48, 69.99).
- Asia, quiet trade, light two-way flow w/Tsys trading narrow range through
London crossover, two-way fast$ and FX-tied flow.
- London, Tsys gained in early London hours, month end extensions, short
covering, positioning ahead extended holiday weekend for US. Politico headlines
spurred fast$, program selling, unwound now. 2s10s and 5s30s steepeners, rate
paying in the intermediates. Tsy cash/ylds: 2Y 99-29.2 (2.665%), 5Y 99-29.2
(2.767%), 10Y 100-00 (2.873%), 30Y 99-22 (3.014%).

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.