23/11/2016

Market Update US tsys losses accelerating after Oct durable goods rise much higher than exp (4.8% vs 1.7%), US 10Y 2.35% (+4bps), curve 2bps steeper led by 10Y. Tsys were already lower in Europe on new ECB lending measures and UK Autumn budget statement. UK 10y gilt...

22/11/2016

Market Update US tsys trading higher , 10Y yields down 2.5bps 2.29% on the back of sharp rally in UK gilts, German bunds, even as US equity futures extending gains after the S&P closed at a record high yest, crude is higher. Gilt yields 4-6 bps lower led by longs...

21/11/2016

Market Update US tsys trading higher, yields 1-4 bps lower, curve flatter, US 10Y 2.32 (-4bps).  Tsys saw buying in Asian hours then tapering off in Europe as German bunds declined on higher oil – speculation of a deal at the next OPEC meeting in Vienna. Fed Fischer...

18/11/2016

Market Update US tsys higher, yields 2-3bps lower with the 10Y 2.283 (-2bps) at the lower end of the o/n range. Early Asian trade saw follow thru selling from Thurs, 10s hit 2.34% new high before rebounding in Europe with bunds. Bunds recovering from earlier weakness,...

17/11/2016

Market Update US tsys moving lower & flatter inearly NA trade after Yellen said rate hike is appropriate ‘relatively soon’ in text speech before JEC later this morning. Cash US 10Y now above 2.25% after CPI & jobless claims which fell 19k to 235k the lwoest in...