Free Trial

Treasuries prices open NY mildly....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries prices open NY mildly weaker, 30Y unchanged after
overnight mixed flows and relatively quiet range trade. 
- TOKYO: Tsys saw brief higher prices after Fri CPI-inspired rally, then better
selling in cash 10Y, futures after Fed Chair Yellen said soft inflation readings
won't persist, gradual rate hikes warranted. Asian selling arose US 10Y, 30Ys,
while foreign central banks did mixed flows in 5Y, 7Y. Japanese bk buying in
7Ys. 
- LONDON: Tays had a fairly tight range, 2way flow, real$ selling in 10Y notes.
Then some long end buying recently. Also misc acct buying in 3Ys, mild FX
account buying in 10Ys, bank buying in 5Y, 10Ys. MNI's Jean Yung Main Wire
exclusive story cited Boston Fed Rosengren favoringquarterly US interest rate
hikes. 
- US SWAPS: Mildly tighter, sprd curve steeper. 
- US CORPS/SOVS: Mon BPCE 10Y; potential this week for bank debt, nothing firm
yet tho. China US$2B in 5Y, 10Ys US debt Thu; first US$ debt sale since 2004.  
- OVERNIGHT REPO: Tsy 5Y, old 3Y, 1m Bills all tight.

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.