Free Trial

Larger FX Option Pipeline


Battle Over Fuel Prices Continues


Post-LIBOR Settle Update: Adjusting To Adaptive Fed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Tsy yields finished Thur a touch.......>

US TSY/RECAP: Tsy yields finished Thur a touch higher, with the belly modestly
underperforming in what proved to be a choppy session. Rates had rallied after
U.S. CPI came in lower than exp., aided by TY block buyers, with not much, if
any, immediate reaction to the BoE and ECB steady rate announcements, although
the ensuing uptick in Gilt & Bund yields allowed Tsys yields to recover from
their post-CPI lows. Fed voter Bostic offered little new insight re: MonPol.
- The latest 30-Year auction came in on the screws, with the cover ratio
firming, but still in line with recent averages. Dealer participation eased as
direct participation ticked higher.
- Fast-money a/c's were two-way in 3s-7s, while real-money a/c's and banks were
buying 10s-30s. Decent deal-tied hedging was also observed as AbbVie's 4-part
deal pushed total issuance to $12bn on the day.
- In the short end large buyers of EDH9M9 & EDU9Z9 were observed, with ongoing
heavy volume FFF9 volume. The 0EH9 68/66/63 1x3x2 put fly structure continued to
draw interest.
- T-Notes last 119.11, U.S. 10-Year cash Tsy yield closed at 2.970%.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.