Fannie Mae (FNMA)

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BULLET: US TSYS SUMMARY: Treasuries ended Wed higher amid....

BY Market News International
— 3:13 PM ET 04/01/2015


US TSYS SUMMARY: Treasuries ended Wed higher amid 1) Early buying gain on
weaker-than-expected +189,000 March ADP private payrolls after earlier Bund-tied
gains in Tsys, ECB buying EGBs) 2) Tsys saw both real/fast money buying then
digested MNI Cleveland Fed Mester exclusive that June-Sep meetings approp for
liftoff 4) Tsys rallied with German govt debt; 2Y Schatz hit record low at
-0.2641%; 5) Tsys buying after softer 51.5 US ISM Purch Mgrs Index, weaker 50
Mar employmt index (vs. 51.4 Feb); 6) foreign active buyers in older Tsys 7)
Greek worries then spurred more Bunds, Tsys buying; 8) Tsy Classic Bond futures
(USM5) had 1,000 contract buyer at 165.26 buy-stop; 9) talk big break below
1.80% 10Y yield might trigger some servicer convexity buying need in Tsys but
any response may be muted as move from 2% gradual 10) Early NY hedge fund 5/30Y
Tsy flatteners; 11) Fannie Mae (