STIR: Repo Reference Rates
Jul-17 12:08
- Secured Overnight Financing Rate (SOFR): 5.35% (+0.01), volume: $2.061T
- Broad General Collateral Rate (BGCR): 5.34% (+0.01), volume: $790B
- Tri-Party General Collateral Rate (TGCR): 5.33% (+0.00), volume: $776B
- (rate, volume levels reflect prior session)
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BONDS: Under Light Pressure As Equities & Oil Tick Higher
Jun-17 12:06
Little in the way of meaningful headlines over the last hour or so, but benchmark TY, Bund & gilt futures still make fresh session lows.
- Those contracts have not tested Friday’s Respective bases.
- Cross-asset movement a likely (partial) driver here, given light news flow and still relatively contained ranges.
- Comes as oil futures move back to early session highs and e-minis move off worst levels.
US TSY FUTURES: Extending Lows
Jun-17 12:05
- Volume picking up as Treasury futures extend overnight lows ahead of the NY open: Sep'24 10Y contract currently trading -10.5 at 110-16.5, volume over 445k at the moment.
- No obvious headline driver as futures ease off last week's Friday highs (TYU4 111-01), 10YY marks 4.2595 high. Curves hold steeper profiles: 2s10s +1.834 at -46.731, 5s30s +1.858 at 12.730.
SPAIN AUCTION PREVIEW: On offer this week
Jun-17 12:00
Tesoro Publico has announced it will be looking to sell E4.5-5.5bln of the following Bono/Oblis at its auction this Thursday, June 20:
- the 3.50% May-29 Bono (ISIN: ES0000012M51)
- the 0.70% Apr-32 Obli (ISIN: ES0000012K20)
- the 3.45% Oct-34 Obli (ISIN: ES0000012N35)
