Free Trial

Tokyo saw brisk buying in Tsys from....>

US TSY FLOWS
US TSY FLOWS: Tokyo saw brisk buying in Tsys from across Asia for a second day.
Chinese and Japanese entities bought at the long-end of the Tsy curve. Also
heard of Asian central bank selling in older 3Y Treasuries.
- Some accounts did flatteners using intermediates vs 30Y Bonds.
- For the first week of the new fiscal year Japanese MOF data showed Japanese
accounts in most recent weekly data bought just Y89.2bln ($0.8bln) in foreign
bonds vs sales totalling Y1.0trn in the previous week through Sep 29.
- US swaps saw five year paying and analysis of the SEF showed a 2-10Y flattener
in early London.
- London: According to a Reuters 'ECB source' article, the consensus developing
for 2018 APP is a 9 month extension. EGBS rallied hard, Tsys did not respond.
- Crude oil prices declined

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.