Fixed Income News Results

  • BULLET: US TSYS: /AGBS: Traders noted spreads between the....

    US TSYS: /AGBS: Traders noted spreads between the US and Australian 10-year notes keep tightening: Friday's spread is only 16 bps: US 10-year note yield was 2.340% at the early 1:00 p.m. ET close, vs. 2.5% Australian 10-year yield. That compared to a wide spread of 280 bps (+2.80%) on Feb. 28, 2008 and a tight spread of -9 bps on May 29, 2000. - It would seem that accounts have sold US 10-year notes vs. buying Australian government bonds, traders said. "The spread has flattened up a lot" and may "be headed toward a flat (0) spread," said an observer.

  • Treasurys Weaken on German Data

    U.S. government bond yields rose along with debt in Germany as a gauge of sentiment among German businesses climbed to a record high, reinforcing the outlook for improving global growth. The benchmark 10- year Treasury note yield rose to 2.342% from 2.322% Wednesday, its largest increase since Nov. 16. The German 10- year government debt yield rose to 0.36% from 0.347% on Thursday. Bond yields rise as prices fall.

  • Yield curve flattening maintains relentless momentum

    The Pan-German Business Climate Index hit 117.5, a record high since unification. Treasury prices fell on Friday, pushing yields higher, as U.S. bond markets took their cue from European bonds after strong economic data out of Germany gave further evidence that eurozone growth was gathering pace. That didn't stop long-dated Treasury yields from booking a weekly drop, even as short-dated yields rose, after dovish minutes and Federal Reserve Chairwoman Janet Yellen's remarks...

  • BOND REPORT: Yield Curve Flattening Maintains Relentless Momentum

    The Pan-German Business Climate Index hit 117.5, a record high since unification. Treasury prices fell on Friday, pushing yields higher, as U.S. bond markets took their cue from European bonds after strong economic data out of Germany gave further evidence that eurozone growth was gathering pace. That didn't stop long-dated Treasury yields from booking a weekly drop, even as short-dated yields rose, after dovish minutes and Federal Reserve Chairwoman Janet Yellen's remarks...

  • BULLET: US TSY FUTURES CLOSE: Trading lower but off..........

    US TSY FUTURES CLOSE: Trading lower but off session lows after the bell, curve steeper for most of the day, long end underperforming. Volume totals inflated by decent roll volume despite muted markets. Current futures levels: * Dec Ultra bonds down 12/32 at 167-27 (167-11L/168-21H) * Dec 30-yr Bond futures down 7/32 at 154-09 (153-29L/154-24H) * Dec 10-yr futures down 5/32 at 124-30.5 (124-28.5L/125-04.5H) * Dec 5-yr futures down 2.75/32 at 116-28.75 (116-27.5L/116-31.5H) * Dec 2-yr futures down 1.25/32 at 107-14.5 (107-14.5L/107-16H)

  • Treasurys Weaken on German Data

    U.S. government bond yields rose along with debt in Germany as a gauge of sentiment among German businesses climbed to a record high, reinforcing the outlook for improving global growth. The benchmark 10- year Treasury note yield rose to 2.340%, according to Tradeweb, from 2.322% Wednesday. Bond yields rise as prices fall.

  • BULLET: US TSY FUTURES: *** Latest roll update. Large pick...

    US TSY FUTURES: *** Latest roll update. Large pick up in 5-yr seen today. First notice date November 30. December future's staggered expiration on December 19 for 10s, 30s and Ultras, and December 29 for 2s and 5s. Latest volume: * TUZ/TUH appr 186k from 5.5 to 6.0; * FVZ/FVH appr 322k from 6.25 to 6.75; * TYZ/TYH appr 242k from 8.0 to 8.5; * USZ/USH appr 37k from 1-03.5 to 1-04; * WNZ/WNH appr 23k from 28.5 to 28.75;

  • BULLET: US TSYS: POV: ### The Treasuries curves are quiet....

    US TSYS: POV: ### The Treasuries curves are quiet Fri but it's likely recent Tsy curve flattener still has room to run. Tsy said it will favor increasing debt issuance in front end/bills once it normalizes auction issuance, after the debt ceiling situation solved. (Debt ceiling temporary lift expires Dec.8.) - Also there likely will be good month-end buying out the curve as Bloomberg/Barclays (BCS) month-end duration index has a large 0.11 yrs estimated index extension into month end, Thursday, Nov. 30th (next week.) - Meanwhile Tsy next wk will be selling 2/5/7Y auctions, thus curve would tend to flatten amid weighty issuance Mon and Tues. And there are corp. tax reasons to buy long bonds to fund pensions in 2017 vs 2018 (less tax writeoff next yr.) - The 5/30Y Tsy curve flattened mildly to +69.20 bps Fri 12:44pm ET vs +69.5 3pm ET Wed. The 2/30Y curve flattened to +100.9 bps vs. +101.7 bps at 3pm ET Wed, +98.7 Tues, +103.2 Mon. - JPM noted "stripping activity" in 2018 shd "continue to increase." They added C/P (comml paper) sprds "shd widen as Ps (Principal-Only STRIPS) outperform whole bonds amid curve flattening."

  • CEE MARKETS-Polish bank stocks retreat on new dividend rules

    Polish bank stocks retreated on Friday from 2-1/2 year highs after KNF, the country's financial market regulator set new leverage rules which may limit bank's dividend payments.

  • BULLET: EGB SUMMARY: In the morning on Friday, hopes that....

    EGB SUMMARY: In the morning on Friday, hopes that the SPD was open to talks with Merkel's CDU/CSU and and all-time high in the ifo index sent the Bund contract much lower. - The Bund contract based out at 162.67 before buying showed up. - While bunds started weak, the semi-core was even weaker and there was the typical chatter of Japanese selling; common when French debt underperforms early on. Yet, the Irish debt market was also under pressure and a sudden flare up in domestic politics threaten to bring down the government as early as next week. - Semi-core markets stabilised and recovered some lost ground by mid-morning. French/Dutch/Belgian spreads to Germany were 0.75-1.0bp wider in 10Y heading into the close. The Bund-Irish spread is +1.75bp on Friday to 24.7bp. - In the European lunchtime, peripheral spreads widened smartly in a sudden flurry of futures market trading. The Bund-BTP spread widened from 143bp to 146bp and pulled back about 0.5bp in the afternoon. - Calendar roll activity is rising. The Schatz Dec-Mar rose to a quite rich 0.127 cents. Other rolls are quite stable.

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