Free Trial

*** Returning from extended.........>

US TSYS SUMMARY
US TSYS SUMMARY: *** Returning from extended holiday weekend, rates trading
firmer, off top end of range on modest volume, catchup safe haven buying after N
Korea hydrogen bomb test late Sat. Equities lower (emini -5.25, 2469.00), gold
weaker (-1.44 ,1330.91), oil firmer (WTI +0.66, 47.95).
- Asia, early safe-haven support followed by light two-way from props and fast$
in 10s, FX acct buying w/USD weaker vs. Yen, Japanese bank buying 10sreal$
bought 30s, narrow range into London crossover.
- London, mild selling/profit taking on safe haven bid gains, hedge fund buying
7s, buying in the intermediates, curve flattener in short end vs. 10s and 30s. 
- Swaps, spds running mixed, spd curve little flatter, mild two-way w/rate
paying in 2s and 7s after macro acct receiving in 2s and bank portfolio
receiving in 7s and 10s.
- Eurodollars, trading firmer, Greens-Blues (Sep19-Jun21) outperforming. LIBOR
3M sets' higher: +0.0011 to 1.3172% (+0.0011/wk).

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.