Free Trial

Rates trading moderately higher, yld...>

US TSY FLOWS
US TSY FLOWS: Rates trading moderately higher, yld curves mostly steeper (3M10Y
flatter). Tsy futures extended top end after trading narrow range overnight,
mild risk-off tone as equities trade weaker (tech stocks and chip makers
underperforming). General quiet after late Tues' Brexit WAB and program votes.
Limited data again, no Fed-speak, mkt absorbs $41B 5Y Notes and $20B 2Y FRN
today.
- Overnight flow includes two-way during early Asia hours, Asia bank sellers
intermediates, real$ +30s in crossover to London trade, prop and real$ +5s and
+10s, steepener unwinds by fast$. Pre-auction short sets, limited deal-tied
hedging.
- The 2-Yr yield is down 4.5bps at 1.5498%, 5-Yr is down 3.5bps at 1.5511%,
10-Yr is down 3.2bps at 1.7292%, and 30-Yr is down 3.1bps at 2.2212%.

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.