Free Trial

Rates trading weaker, Tsy futures......>

US TSY FLOWS
US TSY FLOWS: Rates trading weaker, Tsy futures scaling back a fraction of Tue's
sharp risk-off/curve flattening move. Levels currently off London morning lows,
heavy volume w/TYH>845k already. 
- Coming up shortly, mkt waiting for Nov ADP private payrolls (125k prior, 140k
est) ; Nov nonfarm payrolls on Friday (128k prior, 190k est).
- Amid the heavy overnight volume, sources noted fast$ and prop accts selling
intermediates to long end, 2- and 5s vs. 10Y steepeners, limited swap-tied
selling.
- The 2-Yr yield is up 1.6bps at 1.5541%, 5-Yr is up 2.8bps at 1.5703%, 10-Yr is
up 2.7bps at 1.7431%, and 30-Yr is up 3.1bps at 2.1949%.

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.