11/10/2016

Market Update -US tsys lower, US 10Y 1.77% (+5bps) , amid higher crude prices and move lower in core EU bond prices.  Yesterday tsy futures sold off on news Russia had agreed to cut oil production along with Saudi Arabia. GOC yields higher, yet 2-3bps narrower vs...

07/10/2016

Market Update – Tsys moving lower, US 10Y 1.752% (1.3bps) despite Sept payrolls coming in weaker 156k vs 170k and AHE up 0.2% vs 0.3% exp, thou the part rate did tick up to 62.9%. Tsys down o/n with UK gilts which sold off sharply again on nervousness over a...

06/10/2016

Market Update -Tsys trading lower after 8:30 claims data, ‘risk on’ as Euro stocks rise, crude at new highs WTI above $50 for first time since June 24th , US 10Y 1.72 (+1.5bps). Euro stocks higher led by fincls – DB up another 2.0% despite news the Bank...

05/10/2016

Market Update – US tsys slightly higher in NA trade, US 10Y 1.685 (-0.3bps), mostly ignoring the small miss in the ADP empl (154k vs 165k exp). Tsys firmer in Asia yet fell after Fed Evans said he was ‘comfortable’ with rate hikes this yr. Tsys also pressured on...

04/10/2016

Market Update – Tsys trading slightly weaker, curve flatter, US 10Y 1.62%, narrow overnite range in TY futures. European stocks higher, reserve Bank of Australia kept rates unch, big decline in Aussie bonds pressured tsys, Aussie curve  ~6bps steeper. Order book...