Free Trial

*** Spds continue to march wider, short....>

US SWAPS
US SWAPS: *** Spds continue to march wider, short end dragging long end off
early session narrows. Safe-haven/risk-off tone in rates adding to move while
hedges for incoming swappable supply adds to flatter spd curve. Sources report
mild rate paying in 2s, two-way in 2s and 2Y OIS, deal-tied paying in 2s, 5s, 7s
and 10s, two-way rate and spd flow from asset managers fast$ and bank portfolios
in 5s through 10s. OTC vol ratcheted higher on the rate rally, gamma
outperforming longer vega, has scaled back off highs slightly last 30 minutes.
Latest spread levels:
* 2Y +1.06/22.06
* 5Y +1.56/6.81
* 10Y +0.25/-4.75
* 30Y -0.06/-34.31

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.