Free Trial

T-Notes last -0-00+ hovering just off.......>

US TSYS
US TSYS: T-Notes last -0-00+ hovering just off yesterday's lows after closing
virtually at worst levels, as yields cheapened by 2.3-3.3bp across the curve on
Wednesday.
- Uptick in equities/continued winding out of Coronavirus worry applied pressure
to the space Wednesday, with little attention paid to Fed Chair Powell's second
day of testimony on the hill.
- The latest round of 10-Year supply was decent, registering the highest cover
ratio in almost a year as it stopped through by 0.1bp. Dealer participation at
auction eased to sub-recent average levels, as indirect takedown ticked up.
- Block sales in FVH0 futures provided the highlight on the flow side.
- Eurodollar futures sit unchanged to 0.5 tick lower through the reds.
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.