29/01/2016

Market update US tsys sharply higher, curve ~1bp flatter, US 10Y 1.92% ( -7bps) on surprise move by BOJ , thou some pullback post Q4 GDP, ECI  as PCE better than exp (2.2 vs 1.8). BOJ announced negative rates, cutting rates on reserves by 20bps to -0.10% – this...

28/01/2016

Market update US tsys yields ~1bp higher led by 5s for a second day with the curve ~0.5bps steeper out to 10yrs, longs outperforming. Core Euro bonds higher, 10Y bunds -4bps  @ 0.48% new low as EU stocks hit hard -1.6%  led by financials – Italian banks in focus after...

27/01/2016

Market update US tsys opening lower led by the 5Y (+2.3bps @ 1.45%) with the 10Y 2.01 (+1.9bps)- narrow o/n range with prices breaking lower in the last hr as European equities , crude rebound from losses. FOMC this aft, no change expected yet stmt should reflect...

26/01/2016

Market update US tsys unch, yields on the rise as oil and stocks recover from earlier weakness – US 10Y 2.0% after falling to 1.96% in early European trading. WTI fell ~3.7% to $29.20 then bounced on DJ news that Saudi & Russia were more on oil cuts (BN)....

25/01/2016

Market update US tsys trading higher, curve flatter on lower crude & stocks, US 10Y 2.033 (-2.3bps), curve ~3bps flatter as 2s are ~1bp higher in yield @0.88%. Dallas Fed only real eco data in the US today, but FOMC decision on Wed looms large thou there is no...