Free Trial

Treasury yields rose in the late....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasury yields rose in the late US and early Asian session but
the 10Y Treasury rate has drifted lower in Europe, largely accompanying a
similar movement in European debt. Currently, the 10Y yield is +1bp at 2.383%
accompanied by a 0.7bp steepening in the 2-10Y curve. The 10Y remains extremely
special in the repo market at -2.0%. 
- Swap flow has mostly been on the flattener side with a 10-30Y being done early
and 5-10Y and 5-7Y done just before 1000GMT.
- Despite the curve flattening trades, 30Y swap spreads are 0.25bp wider today
at -19.75bp.
- Ryan has appointed negotiators to the conference negotiation. House Ways and
Means Committee Chairman, Kevin Brady will serve as the Conference Chairman.
- The S&P mini has recovered 0.2% from the selling that beset the stockmarket in
the US yesterday.
- Data releases sees the Nov ISM non-manufacturing index later.

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.