Free Trial

Tsys finished higher on the day,.......>

US TSY/RECAP: Tsys finished higher on the day, after their early move lower,
although implied vol. remains rather subdued.
- The second half surge occurred on heavy futures volume, with the USD falling
after Pres. Trump stated that he is not happy about interest rates going higher,
while he highlighted that the Chinese currency is dropping like a rock.
- A large sale (30K) of the EDU8/EDZ8 spread was noted at 0.210, an unwind of a
purchase from Tuesday, there was also a front end duration weighted steepener
Block +10,504 TUU vs. -8,950 FVU.
- Fed's Bullard is due to speak on Friday, ahead of the blackout which goes into
force at the weekend.
- T-Notes last at 120.10+, U.S. 10-Year Tsy cash yield closed at 2.838%.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.