Free Trial

What to Watch: Bond Sale Follows Stellar 10Y Auction; Weekly Claims

US TSYS
Tsys bid ahead today's bond auction, back near mid-range for the week while 2s10s curve looks to test Mon's 40 year inverted lows, currently -2.270 at -83.793.
  • After Wed's stellar 10Y auction (3.613% high yield stop vs. 3.642% WI; record indirect take-up surges to 79.45% vs. 67.02% prior) market takes on $21B 30Y bond sale at 1300ET, WI currently 3.667%, 8.2bp cheap to last month's 3.585% high yld.
  • Data limited to weekly claims (190k est vs. 183k prior) continuing claims (1.66m est vs. 1.655m prior) at 0830ET.
  • No scheduled Fed speaker on the calendar as yet.
  • Equity earnings after the close: Mettler Toledo Int (MTD, $11.66 est), PayPal (PYPL, $1.20 est), Expedia (EXPE, $1.77 est), Mohawk Ind (MHK, $1.27 est) ,Motorola (MSI, $3.43 est).

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.