Free Trial

*** Trading well off session........>

US TSYS SUMMARY
US TSYS SUMMARY: *** Trading well off session highs, near opening levels by
Friday's closing bell, all-in-all a quiet day of trade heading into the extended
Presidents Day holiday weekend. Limited data react, focus on next wk's Jan FOMC
minutes on Wed.
- Substantial sell programs went equities after headline that "MUELLER INDICTS
13 RUSSIANS FOR HACKING DURING U.S. ELECTION" bbg made rounds. Equities trimmed
gains/traded lower into Tsy close (emini ), Tsys initially bounced after falling
back to near opening levels. VIX tapped 20.99 in late trade, bounced off 17.44
low on Russia headlines; US$ index heading higher (DXY +.519, 89.112). Large
Eurdlr steepener Block +40k EDZ8/9, +0.345.
- Swap spds ran mostly wider, long end off midday highs. Front end held tighter
w/accts fading the move via payers in 2s from 2.469%-2.4625%. Other flow
includes 4Y switch, $51.3k DV01 2s5s steepener and $147k DV01 5s10s steepener,
$225k 4s7s10s fly receiving the belly.
- Late ylds: 2Y 2.187%, 3Y 2.384%, 5Y 2.624%, 7Y 2.804%, 10Y 2.875%, 30Y 3.135%

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.