Free Trial

Spds running mildly tighter. Decent late...>

US SWAPS
US SWAPS: Spds running mildly tighter. Decent late overnight action w/appr $500M
3s4s5s fly paying the belly, 2Y payer at 2.6195 and two-way in 5s between
2.8085-2.8195%. Earlier, sources reported bank receiving in 10s and steepener
unwinds. Latest spread levels:
* 2Y  -0.25/31.69
* 5Y  -0.62/14.88
* 10Y -0.62/3.94
* 30Y -0.25/-13.75
Friday recap: Spds at/near session wides by the bell/spd curve flatter w/short
end reversing Thu's move. Better front paying in 2s and 5s late and sporadic
flatteners in second half, deal-tied flow in the mix. Earlier supportive flow
included flurry of flattener/steepener unwinds (2s9s and 3s vs 4s and 5s) on
good size as well as carry-over fly action (appr $200k 2s3s5s and $500M 3s4s5s).

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.