Free Trial

*** Tsys trading steady/mixed,......>

US TSYS SUMMARY
US TSYS SUMMARY: *** Tsys trading steady/mixed, long end off late overnight
highs. Moderate volume (TYH>350k) amid ongoing Mar/Jun roll action ahead next
Wed's final notice date. Focus on today's minutes release from Jan FOMC policy
annc, $15B US Tsys 2Y Reopen FRN note auction and  $35B US Tsys 5Y note auction.
US$ index little firmer (DXY +.185, 89.901); equities softer (emini -1.5,
2712.5); gold little softer after Tue's sell-off (XAU -1.08, 1328.07); West
Texas crude weaker (WTI -0.39, 61.40).
- Asia, Tsys held narrow range around steady overnight, scaling back couple
attempts to trade higher into London open. Limited volume amid ongoing lunar new
year holidays; fast$ front end sales, Japanese and leveraged$ buying long end.
- London, traded higher after steady/firmer open, long end gradually paring
gains over last three hours. Sources reported flattener action in 2s10s and
5s30s, prop acct 2-way in belly, bank buying long end, pre-auction sales.
- Swaps, mildly wider for most part, short end tighter following Tue's auction
- Eurodollar futures, mostly weaker front end under continued pressure after 3M
LIBOR climbed +0.0159 to 1.9197% (+0.0349/wk)

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.