HALISTER1: Current 2Y UST Has Further ‘Room to Fall’ in Repo, SMR Says

Current 2Y UST Has Further ‘Room to Fall’ in Repo, SMR Says

(Bloomberg) -- While the current 2Y is trading in “special territory” at -0.10bp, it has “room to fall even further,” since details of the Sept. 2Y auction haven’t been announced yet, Stone & McCarthy strategist Alan Chernoff said in note.
  • Current 10Y “still trading tight,” around 10bp, according to ICAP data
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Alan Chernoff (Stone & McCarthy Research)

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