Free Trial

Regional players were seemingly happy to....>

US TSYS: Regional players were seemingly happy to buy into the latest pickup in
Tsy yields during Asia-Pac trade, with the recent 10-Year yield range still
intact after the space came off cheapest levels into the NY close on Wednesday.
- T-Notes +0-04 at 138-10, with the contract holding a 0-05+ range in a session
bereft of notable news flow, but still sees volumes that top the recent averages
at this time in the session (~101K lots for the contract ahead of European
hours), with yields now little changed across the curve after some light
richening earlier on.
- Flow wise, the high light came via a 5.0K block buyer of the TYQ0
139.50/141.00 call spread at 0-16.
- Weekly claims data and challenger job cuts noted today, as well as the
mid-month Tsy supply announcement covering 3-, 10- & 30-Year paper. 4- & 8-week
bill issuance is also due.
- Worth reminding that late Wednesday saw the Fed announce an expansion in the
number and type of entities eligible to directly use its Municipal Liquidity
Facility (MLF).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to


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.