Free Trial

The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market saw demand in the Treasury
2-year, 5-year, 7-year and 10-year notes Thursday, with also interest in the old
3-year note too. The Treasury 2-year note, 5-year note, and 7-year note demand
is not surprising amid shorts being set into the late month 2/5/7-year note
auctions next week. The old 3-year note had some leftover demand too.
- The Treasury General Collateral level traded at 1.05% Thursday vs. 1.03%
Wedneday, while Agency MBS collateral traded at 1.11%. Agency MBS did not
cheapen much after the FOMC meeting, which some had expected due to the upcoming
tapering/Fed balance sheet reduction in October. Some traders expected Treasury
General Collateral to stay tight until Friday, when Government Sponsored
Entities (GSE) money would leave the market. (More)

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.