30/11/2015

Market update US tsys opening lower, curve flatter, US 10Y 2.235 (+1.4bps). Euro stocks at three month highs, Euro at lows since April, Core European bonds higher. German retail sales weaker than exp but CPI surprised to the upside. Event risk this week with Fed...

27/11/2015

Market update US tsys opening higher, curve 1bp flatter, US 10Y 2.203 (-3bps). US stock futures slightly lower, USD index higher, crude ~2.0% lower close to $42 support as China stocks fell 5.5% o/n amid brokerage investigation. US tsys lagging 10Y bunds ~6bps on the...

26/11/2015

Market update With the US closed, GOCs are higher & flatter, taking the lead from core Euro bonds which are seeing flatter curves for a fourth day led by 10Y gilts which are ~3bps lower @1.85% the lowest since Oct 28th. Bunds mixed with short end underperforming...

25/11/2015

Market update US tsys higher after mixed data – stronger claims & durable orders, weaker core PCE – curve ~3bps flatter US 10s 2.227 (-1.2 bps), longs below 3.0% (2.98, -2.3bps). US tsy curve 5/30 2bps flattest since August. Core Euro bonds outperforming on...

24/11/2015

Market update US tsys higher after Q3 GDP came in as exp (2.1%), curve sharply steeper as 2s outperform and prior to this aft $35bln 5Y note & $13bln 2Y FRN auctions. Since the last 5Y auction the 5/30 curve has narrowed ~6bps while 2s/5s is barely 2bps flatter...