Free Trial

Modestly Firmer, Aided By Soft GDP Data


Cheaper At The Margins

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US SWAPS: Spds drifting wider after the bell w/OIS spds, top end of narrow range
on light volume, prop acct rate paying in 2s, receivers in 3s. Latest spread
* 2Y +0.44/26.38
* 5Y +0.12/7.50
* 10Y +0.25/-4.56
* 30Y +0.25/-33.19
Wednesday recap: Spds back to steady/wider, short end back to unchanged after
falling to session lows in second half. Modest flow on net, desks reporting
light deal-tied paying in 2s and 5s and receiving in 10s. Short end move likely
due to expected pick up in swappable supply after a slow start to the session.
One desk reported receivers across the curve in second half, not corroborated by
others, however. OTC vols lower for the most part following minutes release and
rally in rates, longer vega outperforming.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.