23/10/2015

Market update US tsys sharply lower, curve steeper, US 10Y 2.09 (+6bps) after China surprised mkts with a surprise rate cut, the fifth this year. Tsys were already lower pre PBOC decision, accelerating downward on heavy selling in 10Y futs ~8:30 (~15k contracts). Core...

22/10/2015

Market update US tsys rising off the lows with EGBs as Draghi says ECB will re-examine level of existing stimulus, US 10Y 2.027 (+0.3bps). German bunds outperforming, curve sharply steeper with 2Y at record low below -0.30% (-8bps), 10Y 0.54 (-2.7bps). Draghi seeing...

21/10/2015

Market update US tsys trading higher, US 10Y 2.05 (-2bps) on ‘risk off’ as China equities fell 3.0%, commodities lower, Japanese exports weak (see above)  – thou Nikkei rose 1.9% on spec of more BOJ easing. Core Euro bonds higher curves flatter led by 30Y bunds...

20/10/2015

Market update US tsys trading sharply lower after Housing Starts surprised to the upside, rising 6.5% in Sep vs 1.4% exp – US 10Y 2.066 (+4.3bps). Core Euro bonds lower underperforming tsys, German 10Y bund ~5bps higher @ 0.62% as hopes fade for further ECB stimulus...

19/10/2015

Market update US tsys opening slightly higher after being lower during the o/n session, US 10Y 2.03 (-0.5bps). Euro stocks slightly lower, S&P futs in the red, commodities lower with crude reacting to news Iran is looking to boost production to pre sanctions level...