Free Trial

Spds wider after the bell -- most well.....>

US SWAPS
US SWAPS: Spds wider after the bell -- most well off post-Powell conf levels
(30Y holding wides) when spds surged as Tsys reversed off highs. Move occurred
as Fed chair Powell clarifies IOER adjustment is technical, not monpol related,
and as he talks up moderating econ environment and commitment to "transitory
factors at work" with core inflation in recent months. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Wed 3:30    +0.25/11.56   +0.44/4.88     +0.62/-0.50   +1.50/-21.94
2:00        +1.38/12.69   +1.44/5.88     +0.94/-0.19   +1.19/-22.25
12:00       +0.38/11.69   +0.69/5.12     +0.69/-0.44   +1.06/-22.38
Wed Open    +0.25/11.56   +0.19/4.62     +0.25/-0.88   +0.56/-22.88
Tue 3:00    +1.00/11.38   +0.88/4.12     +0.19/-1.38   +0.31/-23.69
Tuesday recap: Spds on wides by the bell amid better rate paying and deal-tied
flow, some receiver unwinds and two-way fly trade in fronts to intermediates --
squaring up ahead Wed's FOMC.

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.