Free Trial

Treasuries open NY lower after......>

US TSYS SUMMARY: Treasuries open NY lower after risk asset buying to Senate
passage early Saturday of tax bill; stocks bid. Stocks bid too as ABC News
corrected its  Friday report to say ABC source said Flynn said Trump allegedly
as Pres.-elect (not candidate, as initially reported) directed Flynn to contact
Russians; ABC suspended reporter Brian Ross for error. Ross clarified to say
Trump asked Flynn to contact Russians to work on issues such as fighting ISIS. 
- TOKYO: Tsys gapped lower on Senate tax bill passage, brisk sales in Tsy
futures, then two-way trade and dip buying, narrow range. 
- LONDON: Tsys saw more two-way choppiness amid fast$/props doing 2/10Y 
flatteners; some fade bear stepeening. Tsys moved off day's low end since 
2:36am ET when cash 10-yr note yld moved lower from 2.412; that yield then hit a
2.385% session low yld at 4am ET, now is at 2.395%. 
- US SWAPS: Steady/marginally mixed; 2Y, 10y receivers; mixed in others. 
- US HIGH-GRADE CORPS: Indonesia Baa3/BBB- 5Y/10/30Y; Westpac Banking 5Y, 5Y
- OVERNIGHT REPO: Tsys old 5Y, old 2Y notes tighten.

To read the full story


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.