Some Overnight Stuff

November 28th, 2014 6:17 am | by John Jansen |

The Treasury yield curve has flattened overnight. The 5s 30s spread has narrowed to 138 from 139.3 at about 800PM last evening. I believe that is a new cycle low for that spread. The 5s 10s spread narrowed to 67.5 from 68.3 and 10s 30s narrowed to 70.5 from 71.

Dealers have reported a quiet post Thanksgiving trade with the only notable flow Japanese asset managers buying the 7 year through 10 year sector of the US curve.

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