Free Trial

Tsys mildly bid, equities weaker as....>

US TSY FLOWS: Tsys mildly bid, equities weaker as polling sites open for Midterm
elections, equities weaker, US$ index moving off recent gains.
- Earlier Brexit headlines shook markets a little, Gilts/EGBs spiked on off-cuff
remark by DUP chief whip over no-deal Brexit, more positive tone from Brexit
Secretary Dominic Raab (who says "thumbs up" anyway?) had rates scale back
risk-off support. BTP vs. Bunds wider -- Italy recalcitrant over budget.
- US$ index climbed but have since pared move, Tsys only mildly bid, moderate
volume (TYZ<300k) w/accts near sidelines, ready to react on any early exit
polling results.
- Better front end buying early, two-way into London crossover; better buying
from fast$, real$, props on the no-Brexit comment mini-rally. Pre-auction
short-sets ahead $27B 10Y note auction (9128285M8) today. Swao-tied flow
includes rate and spd receiving in 2s, 3s and 5s.
- Tsy cash/ylds: 2Y 99-29.75 (2.908%), 5Y 99-09.5 (3.026%), 10Y 97-09.5
(3.197%), 30Y 92-03.5 (3.424%).

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.