Swaps - USD
USTs are well off their earlier lows but remain in the red with the belly still the weakest link. Deutsche examines potential sources of UST demand.
Fast money selling after a week of steady gains failed to stop ASWs push higher today. Traders look at the NY Fed's reverse repo plans.
Powell's dovish comments spurred a rally in USTs and equities. Swap spreads compressed early. Participants look ahead to supply and bank earnings.
USTs are bull flattening ahead of a likely dovish Fed Chair Powell appearance today. Barclays assesses FOMC minutes.
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As traders in Europe struggle with spluttering feeds USTs are bull-flattening despite an OK performance by risky assets.
In buy the rumor sell the fact price action, USTs rallied into the minutes which were largely dovish and bear steepened afterwards.
USTs yields continue to meander lower while spreads are mixed ahead of a decent pile of potential swapped issuance. Citi eyes wider 2y OIS/UST spread.
Swap spreads are tighter as deals arrive and the end of blackout comes nearer. Banks look for a faster, later Fed response.
An update of today's new issuance.