Free Trial

*** Treasuries Monday at midday.....>

US TSYS SUMMARY
US TSYS SUMMARY: *** Treasuries Monday at midday clung to a tight lower price
range after early NY and overnight weakness followed early Sat tax bill passage
in Senate. Risk assets had bid  as ABC News corrected Friday story to say Pres.
Elect Trump, not candidate Trump, had asked Flynn to contact Russians, according
to ABC source (a big legal difference.) 
- Tsys weakened as US stocks gained (except Nasdaq), with DJIA up 0.85% and S&P
500 up 0.49%. But Tsys also saw some long end buying and also 5/30Y, 2/30Y,
2/10Y flatteners. That all followed last Friday's risk-off rally. 
- Tsy futures saw decent Block sales (mostly) in Tsy 5s and 10s. 
- Eurodollar futures saw earlier, massive sale -40k EDZ7 Eurodollar futures
after the open at 98.4375 (-0.012), session low. 
- Option implieds steady/firmer, decent low delta put buying. 
- US SWAPS: Swap spds mixed, spd curve steeper w/better rate paying in the long
end. - US HIGH-GRADE CORPORATE BONDS: Busy issuance continues; this week could
mark the last of the heavy issuance weeks this year, heading into the year-end.

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.