Free Trial

Treasuries have a bear..............>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have a bear flattening, as 2/5Y, 2/10Y, 2/5Y, 5/30Y,
5/10Y flatten into 11:30am ET US 2Y auction and 1pm ET 5Y auction. Tsys aided
recently by softer US$/yen and firming German Bunds.  
- TOKYO: Tsys began steady/weaker with 10-yr note in range until ebbed  into UK
session. Two-way trading in fronts to intermeds; Asian accts sold 10Ys; end
users sold long end. Asian stocks declined: Jpn's Nikkei -025%; China stocks
indexes declined. Traders eyed rumors of an early withdrawal of BOJ stimulus. 
- LONDON: Tsys ebbed until day's low 5am ET, amid bear flatteners, while fast$
and specs did mixed 5Y, 10Y flowss. More recent bid in long end likely following
German Bund lead. Large 22.9k TYH buy Block 124-24 helped move to upside. 
- US SWAPS: Mildly tighter. 
- US EURODLR FUTURES: Whites/Reds mildly weaker; firmer LIBOR rates. 
- US HIGH-GRADE CORP. BONDS: Heavy issuance this week and next; Mon UBS AG/Ldn
18M FRN/3Y/3Y FRN, Orix 7Y benchmrk. Alibaba investor calls Nov. 27-28 into
expect US$5B-$7B bond deal. 
- OVERNIGHT REPO: Tsy 5Y tight; 2Y, 7Y, 10Y bid.

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.