Free Trial

/ ROLLS: Barclays say they are.......>

US TSY FUTURES
US TSY FUTURES: / ROLLS: Barclays say they are bearish the 2-yr (TU), 5-yr (FV)
and 30-yr (WN) calendar future rolls, "given persistent long asset manager
positioning". Adds that the positioning in WN by asset managers "is at recent
high" and that the Nov-43 note will lose CTD status in the Dec8 contract,
switching to the Feb-44 note.
- Barclays are bearish the 10-yr (TY) calendar roll "because of asset manager
positioning and a cheapening bias of the roll in previous cycles". Adds there is
a possibility that the CTD changes "depending on where the new 7-yr note prices
and where it trades".
- Says they are "neutral the US and TN contracts given mixed signals from asset
manager positioning and price sensitivity".

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.