Free Trial

Rates well bid day after FOMC..........>

US TSY FLOWS
US TSY FLOWS: Rates well bid day after FOMC delivered third and potentially
final cut for 2019. Focus on Fri's employ data and of course headline risk:
risk-off bid for rates on headlines that China officials doubt long-term (phase
2) deal w/US; and impeachment procedure vote in House today.
- Heavy volume by the open, TYZ>580k at moment with large block buys in 2s, 5s
and 10s supporting. Other overnight flow includes prop and fast$ buying
intermediates, fast$ selling cash across curve, swap tied selling in belly and
buying long end. Light deal-tied selling 5s.
- The 2-Yr yield is down 1.8bps at 1.5798%, 5-Yr is down 3.1bps at 1.5751%,
10-Yr is down 3.9bps at 1.7329%, and 30-Yr is down 4.4bps at 2.2083%.

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.