Free Trial

Still very little to note for the......>

BOND SUMMARY
BOND SUMMARY: Still very little to note for the core global FI space, with the
Tsy curve sitting a touch flatter as little of note comes out of the opening
salvos from the G20. T-Notes last -0-01 at 127-29, with the 10-Year cash Tsy
yield at 2.009%. Some activity of note in the option space early on, with 10.0K
of the TYQ9 126.50 puts trading at 0-11/-12. Eurodollar futures trade unch-0.5
tick lower thru the reds.
- AU bond futures also quiet, with YM +2.5 ticks & XM +3.0 ticks. YM/XM at 41.5,
while the cash equivalent deals at 36.4bp. Bills unch.- +2 ticks thru the reds.
- JGBs looked through the latest monthly data dump and release of the summary of
opinions from the BoJ's June meeting. JGB futures +9 ticks at the lunch break,
with the curve bull flattening in the wake of the moves seen in Tsys in NY
hours. The BoJ left the size of its 5-25+ Year Rinban operations unchanged;
offer to cover ratios as follows: 5-10 Year 2.19x (prev. 2.21x), 10-25 Year
2.53x (prev. 3.64x), 25+ Year 4.54x (prev. 4.62x). The BoJ will announce its
July Rinban plan after hours.
- German FI a touch higher; Schatz +0.5 tick, Bobls +3.0 ticks; Bunds +11 ticks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.