Free Trial

Rates trading mildly weaker/off lows...>

US TSY FLOWS
US TSY FLOWS: Rates trading mildly weaker/off lows to near middle narrow
overnight range, relative quiet two-way month-end flow ahead extended holiday
weekend. Dec'19 Tsy futures take lead quarterly position, decent volume
(TYZ>390k). Equities firmer (SPs +16.0); Gold little weaker (-1.25); US$ index
little firmer (DXY +.027).
- Mkts await decent round of data w/PCE and Chicago PMI, Canada GDP, otherwise
ongoing headline watching for any development/breakthrough on US/China trade.
- Overnight flow included prop and fast$ selling in the short end to
intermediates, light curve flattener unwinds (3M10Y appr 10bp off Wed's 12+ year
inverted lows, light swap-tied paying in 5s around 1.360%.
- The 2-Yr yield is up 1.6bps at 1.536%, 5-Yr is up 2.5bps at 1.4208%, 10-Yr is
up 2.9bps at 1.5231%, and 30-Yr is up 2.3bps at 1.9867%.

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.