Free Trial

Treasuries prices traded mildly.....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries prices traded mildly weaker Friday morning in
cautious consolidation ahead of the key 8:30am ET US July nonfarm payroll
employment. MNI econ poll had a +181K median estimate for July jobs. 
- TOKYO: Tsys began higher, extending Thu NY long-end-led rally in early action
with mild risk-off buys on news that US special prosecutor Mueller impaneled
grand jury to investigate alleged Russian interference in US election. But some
profit-taking arose: end users sold 7Ys, regional banks and Asian accounts sold
10s, 30s; foreign central bk selling in long end. Japan's Nikkei stk index
-0.38%. Japan's GPIF had US$1.3 Trln in investment assets. 
- LONDON: Tsys ebbed, tracking German Bunds lower on stronger German factory
orders; light 2way positioning into jobs. US stk futures mildly firmer, crude
oil soft. 
- US SWAPS: Steady/mildly wider in belly. O/N REPO: Tsy 2Y, 3Y, 10Y bid. CORPS:
Nothing Fri; British American Tobacco investor calls begin Mon on potential US$
3Y-30y deal via BAML/BARC/C/DB/HSBC; cld be EUR/GBP debt 4Y-13Y, via
DB/ING/NATW/SANT/SG.

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.