31/03/2016

US tsys trading higher, curve slightly flatter US 10Y 1.817 (-1bp). Volume in TY futs below avg. Overnite S&P lowered the outlook for China to negative from stable to ‘reflect our expectation that the economic and financial risks …are increasing’. Yet China...

30/03/2016

US tsys mixed, curve steeper after ADP came in above exp. (200 vs 195), and before US$28bln 7Y auction at 1:00PM. Core Euro bonds slightly lower, German regional inflation came in higher than exp.  Yellen basically took a Fed rate hike in April off the table with her...

29/03/2016

US tsys higher, curve flatter, US 10Y 1.87% (-2bps). Core European bonds higher, in catchup mode after holiday yest. Fed chair Yellen to speak at 12:20 EST and 1:00PM $34bln 5Y auction. Light data calendar today but heats up the rest of the week with ISM man &...

24/03/2016

Us tsys slightly higher, curve flatter on light volume in tsy futures, US 10Y 1.87% (-1.2bps). European and Asian equities ~1.0% lower, the USD index is higher for a fifth day – the USD has now retraced ~75% of the post March 16th FOMC decline as Fed Bullard and...

23/03/2016

Market update Tsys trading in narrow range o/n, with better tone in European hours on uptick in bunds, US 10Y 1.93 (-1bp). GOCs opening unch, curve 1bp flatter.  European stocks higher for a second day, the USD index is higher vs majors while commodities mostly lower...