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Free AccessTreasuries ended Thursday higher,......>
US TSY/RECAP: Treasuries ended Thursday higher, flatter amid afternoon
safe-haven buying on Iran, N.Korea worries, post-auction relief buying on strong
$12B 30Y reopening. Tsys bid as Pres. Trump will announce Fri 12:45pm ET on Iran
plan, and that USGSG could not confirm if N.Korea earthquake was manmade or not.
FX-tied buys as USD ebbed vs JPY.
- Solid 30Y auction stopped thru to 2.870%, 2.750% coupon, strong 62.8%
indirects, 10.6% directs, left only 26.6% dealers. Afternoon mild 2/30Y, 3/30Y
flatteners, short-covering and post-auction dip buys. Some had felt buyers would
wait for Fri CPI.
- Morning pre-auction shorts/sales into 30Y sale, Asian buying in 2Y, 5Y in
early NY; 2way 30Y hedge fund flows, other mixed flows in shorter issues. -
Brief early sales on high 0.4% Sept. Core PPI, lower initial weekly jobless
claims. Tsys saw 3:21am ET block buy in 10Y Tsy futures, for 4,364 TYZ7s. And
11:16 am ET a $163,200 DV01 8/9/10Y swap butterfly with paper paying belly.
- T-Notes open Asia flat at 125-12+, 10-Year yield flat-last at 2.318
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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.