Free Trial

*** Spds running steady/mixed after the....>

US SWAPS
US SWAPS: *** Spds running steady/mixed after the bell, holding a narrow range
all session amid modest two-way flow in the 5s and 10s.. Earlier mixed flow
included insurance portfolio paying in the intermediates, fast$ spd curve
steepeners (5s vs, 10s and 30s) and asset manager receiving 2s5s10s spd fly.
Desks stymied by absence of seasonal narrowing (supply based) and Tsy curve
steepening in the last couple weeks. While corp issuance has been healthy (appr
$110B total) last two weeks, a majority has proved unswapped, one desk said.
Quiet start for the week, desks plying sidelines into Wed's FOMC annc. OTC and
exchange traded option vol steady to mildly firmer in the short end. Latest
spread levels:
* 2Y +0.25/25.88
* 5Y +0.00/8.50
* 10Y +0.12/-3.06
* 30Y -0.25/-33.31

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.