by admin | Sep 30, 2015 | comments
Market update US tsys opening lower yet well of o/n lows after ADP, Fed Dudley remarks. Tsys started to climb off the lows pre ADP, which came in above exp (200k vs 190 exp) 10Y 2.085 (+2.5bp), curve ~1bp steeper. Equities higher – Euro stocks up 2.8%, DJ futures...
by admin | Sep 28, 2015 | comments
Market update US tsys trading higher yet well off earlier highs, US 10Y 2.144 (-2bps). Personal income , PCE came in as exp for August. Equities weaker on story ECB will no longer buy VW backed auto loans and Glencore shares continue to collapse. NY Fed Dudley saying...
by admin | Sep 25, 2015 | comments
Market update US Tsys are lower/steeper, Tsy futures underperform on above avg volume. Risk off, global stocks better (save China CSI 300 and Mexico), EGBs lower, Bunds lower/steeper, US Swap and US MBS spds tighter, USD higher vs ccy majors. Big news was...
by admin | Sep 24, 2015 | comments
Market update US sharply higher/flatter, futures outperforming on good volume. Global stocks in the red after Norway unexpectedly cut rates 25 bps to .75bps, Taiwanese cut rates to 1.75%, its first cut since 2009 and as BMW now becomes the second auto company to have...
by admin | Sep 23, 2015 | comments
Market update US Tsys lower/steeper, futures underperforming on avg volume. Big story overnight was Caixin flash China PMI was disappointing at 47, lowest since March 2009 and vs expectations of 47.5 but despite weaker Sep EZ flash PMIs the spin was that Q3 EZ growth...
