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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.
US TSY FUTURES
Latest block trades lodged at 07:55:56 London/02:55:56 NY:
- TUU4 8.2K lots blocked at 101-28.375, looks like a buyer.
- UXYU4 3.6K lots blocked at 112-17+, conducted at the prevailing offer at the time of the block, but would guess a seller given price action on the 2s10s curve since.
- Would suggest it was a TU/UXY steepener, DV01 ~$320K.
- This comes with the 2-/10-Year yield spread trading towards closer to the lower boundary of the year-to-date range than the upper end, with the position looking for some disinversion of that curve.
Fig. 1: U.S. 2-/10-Year Tsy Curve (bp)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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