31/08/2015

Market update US tsys higher, curve ~4bps flatter o/n with the US 10Y 2.15 (-3bps) on weaker global equities & Fed rate hike fears. China stocks fell 0.8% while at the same time Fed VC Fischer’s comments on inflation raised expectations of a rate hike at the Sept...

28/08/2015

Market update US tsys are higher after rising for most of the o/n session, with a muted reaction to weaker July Pers spending data. US 10Y 2.16 (-3bps), European equities lower despite the surge in China (4.8%). Focus on various Fed speakers at the Jackson Hole...

27/08/2015

Market update US tsys are mixed after 2Q GDP was revised higher (3.7% vs 2.3%), curve ~2bps flatter, US 10Y 2.19 (+1bp).  Reports of China liquidating tsys to support yuan  as well as comments from BOJ Kuroda on inflation pressured tsys overnite. The pipeline of IG...

26/08/2015

Market update US tsys lower, curve ~3bps steeper, US 10Y 2.15 (+8bps) after surge in Durable Goods. Global stocks mixed, China was lower again, yet Euro stocks have reversed declines while DOW futures are ~300 pts higher. US auctions $35bln in 5Y notes with the belly...

25/08/2015

Market update US tsys opening sharply lower despite China equites being down sharply again (7.6%), US 10Y 2.07 (+6.5bps), curve ~1.5bps steeper. Tsys were under pressure since mid-morning, falling to lows once China rate cut was announced at 6:15EST. Euro stocks up...