Free Trial

*** Spds mostly wider by the bell, short...>

US SWAPS
US SWAPS: *** Spds mostly wider by the bell, short end reversing course around
midday, chopped tighter again late on spec acct receiving in 2s. Earlier,
sources reported steady rate paying in 5s, 10s and 30s from month-end hedgers
and mortgage accts combined with the bid in duration. Specs, fast$ looking to
fade the move are sporadic receivers, helping keep spds relatively contained;
others eager to enter spd narrowers ahead expected supply next week. OTC vol
steady to mixed ahead Fri's Aug NFP. Latest spread levels:
* 2Y -0.19/20.88
* 5Y +0.44/5.75
* 10Y +0.31/-5.06
* 30Y +0.50/-34.62

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.