Free Trial

US Treasuries traded higher.........>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries traded higher midday Wed amid EGB strength based
on risk-off flows, Brexit uncertainty; Tsys aided by soft US unit labor costs.
Tsys began higher then improved more til 10am ET, when mkt ebbed off highs amid
light profit-taking. 
- Tsys aided by softer dollar/yen, which spurred earlier black-box buying in
Tsys intermeds. 
- Tsy futures had sell-through block trade at 8:39am ET for 5,000 TYH 10Y at
124.19, and a block buy at 8:26am ET of 8,900 FVH at 116-15.5, a buy through. 
- US govt bonds began NY higher after overnight 2way flows mainly risk-off
buying as stocks pressured by worries on US tax plan/corporate AMT tax matters. 
- US Eurodlr futures had pre-8am ET sale of 20,000 EDZ7 contract, then near
8:29am ET sale of 50,000 EDZ7 at 98.422; and 8:26am ET block of 2,000 Red packs
(EDZ8-EDU9) at 0.035, then 10:15am ET total of 6,000 Red packs at +0.375. 
- Tsy to suspend Fri Dec8 after noon ET sales of SLUGS (State & Local Govt Secs)
used in muni bonds; Tsy starts to avoid hitting debt ceiling; temporary ceiling
lift expires Friday.

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.