Reply To: Bond Traders Weekly Outlook: Safe Haven Flows Impacted by Bank CDS


Early #Bonds: U.S. Treasuries lower with shorter tenors underperformance.

A rebound in the bank stocks following the aforementioned news has been integral to this morning’s gains. First Republic Bank (FRC) is among the top performers from the banking sector on reports that it’s pursuing strategic alternatives, including a possible sale.

First Republic Bank (FRC 13.91, +1.73, +14.2%): JP Morgan (JPM) CEO Jamie Dimon is leading discussions to rescue First Republic Bank, according to WSJ

U.S. Treasury will reopen $12 bln in 20-yr bonds.

2-yr: +20 bps to 4.12%
3-yr: +14 bps to 3.93%
5-yr: +11 bps to 3.69%
10-yr: +7 bps to 3.55%
30-yr: +4 bps to 3.70%