Free Trial

Treasuries open NY weaker,..........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries open NY weaker, flatter in pre-jobs-day Thu trade
that may see NY/East Coast traders leave early amid snowstorm, esp. given mkt in
waiting mode for Fri 8:30am ET Dec jobs. Tsys drifted lower amid as Dec ADP
private payrolls report came out up 250K, 10Y yield at 2.471%.
- TOKYO: Financial mkts resumed trading after holidays, leaving Jpn Nikkei stk
index ending u+3.3%, catchup to firmer global stock markets. Tsys drew bank and
pension fund buying in 2Y-5Ys and 30Ys, Asian real$ bought 10Y notes. 
- LONDON: Tsys followed core EGBS lower amid French, Spanish supply pressures.
Bank portfolios bought 10Ys, while props earlier bought steepeners, then ongoing
sales in intermediates. Modest buying in long end. 
- US SWAPS: Mildly tighter amid Wed swappable issuance return; 4Y rate payers,
5Y bank receivers, 5/6/9Y and 5/6/10Y, 5/6/30Y fly paying belly; 4/5Y steeper.
US EURODLR FUTURES: Brisk sales in EDH8 (49K sold at 98.19). 
- OVERNIGHT REPO: Tsy 3Y, 10Y notes tight into Thu 11am ET announcement on next
wk 3/10/30Y auctions. - STOCKS: Most European stock indexes up 1%+; US stock
index futures also higher.

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.