Free Trial

Treasuries hold near session.........>

US TSYS/SUPPLY
US TSYS/SUPPLY: Treasuries hold near session highs, supported by the softer than
expected 122.1 Dec Conf Bd Consumer Confidence index and 0.2% NAR Nov pending
home sales gain. The MNI median estimate for the Conf Board Consumer Confidence
had been for a 128 reading vs. the 122.1 actual reading.
- Tsys hold the tight range as market players await the 11:30am ET $13B 2Y FRN
reopening and the 1pm ET US$34B 5Y auction. Tsys saw earlier cash market buying
in 7Y, 10Y, 30Y issues esp. but also milder bid in shorter issues; had been good
buying before 8:21am et with 10,000 bought in 10Y TYH8 at 123-20/123-20+ and
then later 12,000 bought in Tsy 10Y futures TYH8 too at 123-22 and 123-22+
around 8:49am ET. 
- The 5Y, 10Y specials in overnight repo also help out the market too; that 5Y
special should aid the 5Y note auction. 

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.