Free Trial

Spds tighter across the curve, short end...>

US SWAPS
US SWAPS: Spds tighter across the curve, short end leading move all session
while intermediates make good second half attempt to catch up on back of decent
swappable issuance on day. Decent earlier flow included rate payer 5Y at
2.7755%, receiver 2s at 2.5125%, small 5s7s spd curve flattener, $190.6k
2Y-5Y-10Y Fly, receiving the belly, $215.2k 3Y-5Y-7Y Fly, paying the belly. OTC
swaption vol grinding lower across te surface, ongoing heavy low delta put
volume in listed options. Latest spread levels:
* 2Y  -1.62/25.50
* 5Y  -1.44/11.00
* 10Y -1.00/1.62
* 30Y -0.94/-17.31

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.