Free Trial
USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

US TSY OPTIONS

BLOCK, Late Puts

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US TSYS/30Y
US TSYS/30Y: *** Traders are cautious into 1pm ET US$12B 30Y reopening though it
may be enough price concession is in to draw a mild bid. Traders eyed US demand,
moderate Asian (Japanese & Chinese) bid, perhaps European bargain-hunting (US
30Y WI 2.7876% is good bargain vs. Austria EUR 100-year bond at 2.11%.) Traders
noted 30Y traded well on curve amid flattening; 5/30Y -1.1 bps flatter on day. 
- SMRA's John Canavan: 30Y auction raises all new cash as did 10Y. 
- Nomura's George Goncalves, Stanley Sun, Penglu Zhao: "persistent low vol
environment may continue to favor flatteners and help long-end takedown. An
extension on debt ceiling suspension may further dampen the likelihood of
Treasury's ultra-long bd issuance this year, which will be duration-friendly."
They say long-end relative valuation on swap looks rich relative to positioning,
which may reduce some demand interest;" "risk on" mood "and declining foreign
interest could also be headwinds for the auction." 
- HISTORY: Strong Aug. 30Y auction: 2.818% rate, 2.750% coupon, and a 2.32
bid/cover; solid 66.8% indirects, 5.4% directs, leaving only small 27.82% for
primary dealers.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.