Free Trial

/STOCKS: Treasuries hover just above........>

US TSYS
US TSYS: /STOCKS: Treasuries hover just above session low prices, after choppy
morning selloff that included 11:13am ET block sale (sell thru) of 3,135 WNH Mar
Ultra Bond futures, Gilts slide, Bunds weakness. Tsys also earlier pressure from
US$/yen strength, which spurred morning black-box sales, but then US$/yen
receded, so there was late morning buying. 
- Tsys also pressured by rate locks amid heavy high-grade US$ corporate bond
issuance.
- Tsys began weaker after overnight drift since 2am ET, but were aided a bit by
an apparent early buy of 10,000 TYZ 10Y Tsy futures. That followed an 8:57am ET
trade in 7,255 WNH Mar Ultra bond futures done at 165-01 (vs. 165-08 bid price
at time.)
- US STOCKS: Nasdaq declined 1.35%, as chip stocks hurt; Bloomberg said that MS
warned of a "NAND peak."

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.