Free Trial

The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market saw U.S. Treasury 2-year notes
and 5-year notes tighten Wednesday, while mild tightness arose in the old 2-year
notes and old 3-year notes. The 2-year and 5-year note traded tight amid shorts
around the
2-year note and 5-year note auctions. 
- But the 5-year note snapped tighter in O/N RP from +0.45% this morning to 
-1.50% later, with 5-year for reg delivery Thursday tight too at -0.25%. "That
is interesting," said one trader, noting that 5-year note will likely be
super-tight on Thursday. "It will have implications for the roll, too."
- The Treasury General Collateral meanwhile traded at 1.13%, Agency
MBS at 1.18% and Agency at 1.18%. (More0 

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.