Free Trial

Spds running mixed, spd curve little.......>

US SWAPS
US SWAPS: Spds running mixed, spd curve little flatter, mild two-way w/rate
paying in 2s and 7s after macro acct receiving in 2s and bank portfolio
receiving in 7s and 10s. Latest spread levels:
* 2Y +0.56/21.56
* 5Y +0.75/6.00
* 10Y -0.12/-5.12
* 30Y -0.31/-34.56
Friday recap: Spds running marginally wider for the most part by the close (10Y
holding little wider), reversing earlier expansion. Sources reported consistent
spd selling on light size in shorts to intermediates post data, props scaling
into rate receivers in the intermediates, light bank portfolio payer unwinds in
the long end. Desks say accts gearing up for renewed swappable issuance next
week to weigh on spds. Others looking at paying 2s5s10s fly. OTC and exchange
traded option vol, meanwhile, continues to inch lower w/payrolls in the rearview
mirror, extended weekend/decay ahead.

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.