Free Trial

Tsys trades mixed on narrow range,.....>

US TSY FLOWS
US TSY FLOWS: Tsys trades mixed on narrow range, long end outperforming, decent
volume due to ongoing Sep/Dec roll action ahead Dec taking lead contract Fri,
pace of roll should start tapering off today after huge jump Tue. Data on tap:
Q2 GDP (2nd) (4.0% est), NAR pending home sales index; Tsy auctions: $17B 1Y-11M
FRN and $31B 7Y note.
- US$ index gaining DXY +.150, 94.870, $/Eur soft -0.0030 1.1665, $/Yen +.10
111.30; equities mildly higher (emini +2.25, 2901.5); Gold firmer (XAU +1.47,
1202.42); West Texas crude firm (WTI +0.54, 69.07). 
- Asia, quiet start, light bid on sideways trade through much of Asia hours,
month end support, light deal-tied flow, pre-auction hedging, front end
flatteners.
- London, continued month end support with Tsys paring gains last hour,
apparently following Gilts lead after headlines suggesting October Brexit deal
deadline may be dropped mad the rounds. Flow included real$ buying 7s, bank
portfolio buying 10s. Tsy cash/ylds: 2Y 99-29 (2.669%), 5Y 99-29 (2.769%), 10Y
99-30.5 (2.879%), 30Y 99-14 (3.028%).

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.