Free Trial

Tentative risk-on trade so far,........>

US TSY FLOWS
US TSY FLOWS: Tentative risk-on trade so far, rates lower on the back of
stronger equities (financials outperforming, Blackrock, MS and GS all beat
earnings est); Italy leads sovereign spds tighter vs. Bunds (likely react to
Conte headline late Mon cab appr 2019 budget -- still doesn't change much).
- Trade volume fairly muted, however, modest data today -- accts likely
sidelined ahead Wed' Sep FOMC minutes release in afternoon.
- Also waiting on Tsy dept release of FX policy report on major trade partners
w/US.
- Overnight trade includes two-way 5s, 10s and 30s cash, deal-tied selling
intermediates, front end Eurodlr buy after 3M LIBOR set -0.0043 to 2.4445%,
followed by sale of 19k EDZ8/EDM9 0.350, some rate receiving in 5s
- Tsy cash/ylds: 2Y 99-24.75 (2.866%), 5Y 99-09.75 (3.025%), 10Y 97-16.5
(3.169%), 30Y 93-14.5 (3.347%).

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.