Free Trial

Tsys traded mixed by the bell, with....>

US TSY/RECAP
US TSY/RECAP: Tsys traded mixed by the bell, with the curve running mildly
flatter. T-Notes closed at/near session lows, with little in the way of a flight
to quality apparent in spite of tech sector worries & lower oil prices. Overall
futures volume padded by an increase in roll volume. Otherwise, relative
quiet/range-bound trade ahead of the Thanksgiving holiday.
- 2-way flow noted with better front end selling & some mild deal-tied hedging.
Large upside low-delta call buying in early '19 TY, hedging potential for no Dec
rate hike &/or IOER tweaks. Block sales -20k TUZ unwinds small portion of better
buys over last 2 weeks. Late Block off-duration weighted fly, wings bought over
22,245 TUZ 105-16.2, 39,372 FVZ 112-28.5, 7,817 TYZ 126-06.
- U.S. Pres. Trump stated that he would like lower interest rat... already
known, while Fed dove Kashkari stuck to script, suggesting that the Fed should
pause to assess the impact of the hiking cycle.
- U.S. CPI & Durable goods data headline Weds, as well as a 10-Year TIPS auction
(BEIs softened Tues).
- T-Notes last 119.08, U.S. 10-Year cash Tsy yields closed at 3.063%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.