Trial now
RBA

Upcoming Lowe Appearance Postponed

JGBS

Curve Twist Steepens, Bucking The Trend

AUSSIE BONDS

IRU1 Given

AUSSIE BONDS

Correction To XM Price In Previous Bullet

AUSSIE BONDS

No Reaction To Long Bond Tap Announcement

US SWAPS
US SWAPS: *** Spds have narrowed across the curve from marginally mixed levels
in the first half. Sources report better rate and spd receiving across the
curve, 2s/5s spd curve steepeners and spd flatteners out the curve on muted late
summer volume. Adding to narrow spds, chatter mkts awaiting possible large
multi-tranche issuance from Amazon (AMZN) (estimates from $16-25B), as well as
Apple (AAPL), either could easily weigh on thin Tsy mkts as details released.
Other desks keeping positions relatively pared during the thin summer trade, are
looking to add receivers as seasonal/quarterly issuance ramps up again late
August/early September. Desks also watching for Formosa and callable structures
to weigh on spds and OTC vol alike. Latest spread levels:
* 2Y -0.88/25.50
* 5Y -0.38/7.62
* 10Y -0.31/-4.31
* 30Y -0.25/-33.19
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com