Free Trial

Spds running steady/mixed, spd curve.......>

US SWAPS
US SWAPS: Spds running steady/mixed, spd curve steeper with wings on respective
lows/highs. Post data flow includes $500m payer in 1s at 2.5371%, modest paying
in 2s at 2.748%, two-way receiving/paying in 5s on modest volume, mixed curve
flows $92.7k DV01 2Y-5Y STEEPENER and $100.7k DV01 5Y-7Y FLATTENER. Latest spd
levels:
* 2Y  -0.44/25.25
* 5Y  -0.06/10.94
* 10Y -0.06/3.06
* 30Y +0.88/-11.12
Thursday recap: Spds running mixed after the bell, spd curve on steepest lvls of
day with short end leading move while long end unwinds earlier narrowing.
In-line, continued receiving in 2s is well over $1B, recent 5k Eurodlr Red pack
Block likely swap related as well, receiving in 5s at 2.93288% and modest 2s10s
steepener. Early morning flow included $1B scale receiver in 2s
(2.7410-2.7425%), $200M payer 3Y at 2.8493%, two-way 2Y-3Y-5Y Fly, paying the
belly. 

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.