Fannie Mae-No Politics (FNMA)

[green7]

BULLET: US TSYS SUMMARY: Treasuries rallied Wed amid 1)......

BY Market News International
— 12:14 PM ET 04/01/2015


US TSYS SUMMARY: Treasuries rallied Wed amid 1) Weaker- than-expected +189,000
March ADP private payrolls after Bund-tied gains in Tsys and ECB bond buying in
EGBs 2) Tsys saw real and fast money buying, then digested MNI Cleveland Fed
Mester exclusive that June-Sep meetings appropr for Fed liftoff 3) Tsys rallied
with German govt debt; 2Y Schatz hit record low 4)Tsys buying after softer 51.5
US ISM Purchsg Mgrs Index, weak 50 Mar ISM employment index vs. 51.4 Feb 5)
foreign active buyers in older Tsys 6) Greek worry spurred more Bunds, Tsys
buying 7) Tsy Classic Bond futures (USM5) had 1,000 contract buyer at 165.26
buy-stop 8) talk a big break below 1.80% 10Y yield might trigger some servicer
convexity buying need in Tsys but any response likely muted as move from 2%
gradual 9) Early NY hedge fund 5/30Y Tsy flatteners; 10) Fannie Mae (