Free Trial

US Treasury trading is far from.....>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasury trading is far from the sun this morning in what
has been a quiet start to the week.
- Treasury activity is being easily eclipsed by the rally in the Bund contract
since European trading kicked off. Were it not for the Bund rally, it's fair to
say that the Treasury markets would likely have been static with little change
in many of the usual risk-related market metrics, like the yen. 
- CoT data released after the US close on Friday showed very interesting
development in asset manager holdings of Ultra 30Y paper to its highest ever.
The offsetting short is being shared by dealers and leveraged money.
- There has been very large activity in 2Y swaps according to the SEF, that
appeared to push rates slightly in the aftermath of the reported trades.
- There is no significant US data due for release today.

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.