Free Trial

Spds running mildly tighter across the.....>

US SWAPS
US SWAPS: Spds running mildly tighter across the curve, recent 2Y switch around
2.755-.7438%, payer in 3s at 2.8504%, bank receiver in belly. Latest spd levels:
* 2Y  -0.31/25.31
* 5Y  -0.25/11.38
* 10Y -0.25/3.00
* 30Y -0.56/-11.31
Monday recap: Spds wider by the bell, little off session wides w/short end
leading move all session. Earlier flow includes $240mln receiver of USD 2Y at
2.745%, switches in 5s, $170mln+ receiver of USD 10Y at 2.98223%, $146.4k DV01
2Y-10Y STEEPENER, $185.2k 2Y-3Y-5Y Fly, receiving the belly, $292.8k 2Y-5Y-10Y
Fly, paying the belly. Short end pared back from wider levels in second half as
corp supply from Daimler Finance, Ford credit, Texas Inst launched, late flow
included rate receiving in 2s from 2.7485-2.75%, payer in 5s at 2.914%.

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.