Free Trial

Treasuries end Mon mainly weaker.......>

US TSY/RECAP
US TSY/RECAP: Treasuries end Mon mainly weaker after early safe-haven bid on
terror fear amid NYC subway bomb blast that hurt 4, including suspect. Once
suspect arrested, and police checks showed no other problems, Tsys lost
safe-haven bid. 
- Tsy declined in afternoon: post-auction sales, soft $20B 10Y reopening auction
(tailed to 2.384% rate, 2.37 cover, soft 57.2% indirect, 8.37% directs, mildly
large 34.4% dealers.) 
- Tsy had good $24B 3Y auction: 1.932 rate, good 59.1% indirect, avg 7.4%
direct, left only relatively small 33.56% dealers. Tsys late morning
sales/shorts as subway normalized. No react to midmorning BLS jobs data. Mkt on
hold for Wed FOMC mtg: 25bp rate hike expected, SEP nod to four 2018 hikes. 
- US EURODLR FUTR: Decent short end seller after higher LIBOR set; big 66k buy
EDZ8/EDZ9 followed. Buyer of 15K TUH 2Y Tsy futrs at 107-05.25; flatteners in
2Y, 3Y, 5Y vs. 10Y, 30Ys. Mild deal-tied hedges; light high-grade corp issuance.
Sellers in 5Y, 30Y Tsys. Late Eurodlr futures seller of 15,000 EDZ7s at 98.40.
- T-Notes last 124.09, 10-Year yield last 2.385%

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.