Free Trial

Spds mixed by the close, wings tighter.....>

US SWAPS
US SWAPS: Spds mixed by the close, wings tighter vs. wider intermediates, spd
curve steeper all session. Short end lead move all day, moving off first half
narrows in second half. Modest but consistent rate receiving in 2s-5s earlier,
with some fast$ paying in 2s-3s late. OTC and exchange traded option vol off
sharply as Fed chair Yellen delivered Jackson Hole speech w/no comments on
policy direction or eco outlook. Latest spread levels:
* 2Y -0.94/23.06
* 5Y +0.12/5.38
* 10Y +0.19/-5.81
* 30Y -0.06/-35.06

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.