Free Trial

Treasuries prices ended Friday well....>

US TSY/RECAP
US TSY/RECAP: Treasuries prices ended Friday well off day's lows, after a
morning selloff on Sept. jobs report, which had a very weak hurricane-affected
-33K NFP (first negative reading since 2010) but also a 0.5% Average Hourly
Earnings and a lower 4.2% jobless rate. 
- Tsy's had swift fast money sales on AHE, then foreign central banks and real
money bought the initial dip, which stabilized the market. Tsy's saw strong long
end sales, as the 30Y bond hit 2.9322% before receding to 2.906% by 3pm ET. 
- Tsy's had late morning safe-haven bounce amid chatter, unconfirmed, of
potential N.Korea missile test, position-squaring into long U.S. Columbus Day
holiday weekend. Catalonian leaders will meet Tuesday. 
- Fed rate hike probability for Dec.13 FOMC meeting rose to 83.5%. Other flows:
5/30Y flatteners, 10/30Y steepeners, brief dip buying, short-cover; black-box
program buying on weak US$/yen midmorning.
- Tsy's open Asia at 125-02, 10-Year yield last at 2.359, it is U.S. public
holiday 'Columbus Day' today.

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.