Trial now
SOUTH AFRICA

Local Press Warns Transnet Could Become Next Eskom

SILVER TECHS

Eyeing Key Resistance

WTI TECHS

(Z1) Bulls Pause For Breath

GOLD TECHS

Remains Below Recent Highs

US SWAPS
US SWAPS: Spds running mildly wider, spd curve flatter, deal-tied flow adding to
move; light paying in 3s-5s. Latest spread levels:
* 2Y +0.88/22.62
* 5Y +0.19/7.06
* 10Y +0.38/-4.75
* 30Y +0.50/-34.62
Tuesday recap: Spds mostly wider by the bell, short end dragging long end off
early session narrows. Safe-haven/risk-off tone in rates adding to move while
hedges for incoming swappable supply adds to flatter spd curve. Sources report
mild rate paying in 2s, two-way in 2s and 2Y OIS, deal-tied paying in 2s, 5s, 7s
and 10s, two-way rate and spd flow from asset managers fast$ and bank portfolios
in 5s through 10s. OTC vol ratcheted higher on the rate rally, gamma
outperforming longer vega, midday pull-back on light profit taking/positioning,
levels climbed again late. 
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com