28/02/2017

Market Update Tsys trading unch yet off the lows after weaker Q4 GDP (1.9% unrevised vs 2.1% exp), curve ~1bp flatter, US 10Y 2.358 (-0.7bps), equity futures slightly lower, crude -0.28% @ 53.90.  Mkts await Trump speech to Congress tonite. Dallas Fed Kaplan on CNBC ...

27/02/2017

Market Update Tsys midly weaker , narrow o/n range , decent volume in TY futures (335k), US 10Y 2.33 (+2bps). No reaction  to stronger than Core Euro bonds weaker as well, yields 1-2 bps higher, 10Y bund 0.198%. French yields lower for a fourth day, poll suggest Le...

24/02/2017

Market Update US tsys higher, yields another 1-2bps lower, with the US 10Y 2.358% (-1.8bps) in follow thru to yesterday’s ‘risk off’ rally.  European stocks are off 1.4% , the USD index is lower for a third day, while crude is trading below $54, down 0.86%. Tsys were...

23/02/2017

Market Update US tsys firmer, yields 1-2 bps lower led by the 7Y , longs lagging. Tsy sec Mnuchin interviewd on CNBC said tax reform is a priority, yet wont impact economy until next yr. Mnuchin also daid it ‘makes sense’ to look at issuing a 50 year tsy bond. US tsy...

22/02/2017

Market Update Tsys firmer, curve flatter with the long end outperforming, yields 1-2bps lower, with the 10Y 2.411 (-1.8bps).  Heavy volume in TY futures (508K) with a slight fade in Asia and rally in Europe  on safe haven buying related to French election and weaker...