Free Trial

U.S. Tsys came under pressure as the U.S....>

US TSYS
US TSYS: U.S. Tsys came under pressure as the U.S. 10-Year Tsy yield broke the
month to date high, with the belly of the curve experiencing some modest
underperformance, while a strong Aussie labour market report also pressured the
space.
- T-Note futures also managed to breach their month to date low.
- The Euro-dollar strip moved lower, in sympathy with Bonds, with a parallel
shift observed from the red contracts out. Steepener interest was noted in the
early part of the session as futures initially sold off, with the following
options trade observed later on: US EURODLR OPTIONS: EDM0 98.50 calls bought
against the EDF9 97.125/97.25 strangle, paper pays 3.5 for the calls on 5.0K
(5x1 ratio).
- Fed's Quarles will speak later on Thursday, with Bullard due Friday ahead of
Saturday's blackout.
- T-Notes last at 120.29, U.S. 10-Year Tsy cash yields last at 2.888%.
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.