30/08/2017

Market Update US Treasuries open NY lower, with 2/30Y and 5/30Y flatter after overnight consolidation followed Tuesday safe-haven bid gains tied to N.Korea firing of missile over Japan. US ADP sees 237,000 for August Private Payrolls. Risk-on mood means European...

29/08/2017

Market Update US tsys sharply higher on geopol risk after North Korea missile launch, US 10Y  2.105% (-5.2bps) ,  core Euro bonds also sharply higher on risk off, German bunds lagging the rally in gilts after a technically uncovered German Schatz auction.   In Canada,...

28/08/2017

Market Update US tsys trading weaker, yields ~1bp higher curve 0.5bps steeper, US 10Y 2.175%, heavy volume in TY futures (>400k) mostly Sep/Dec roll. Equities basically unch in Europe, London on holiday, S&P futures +1.5, gold higher, WTI crude weaker (47.50...

25/08/2017

Market Update US tsys trading weaker, US 10Y 2.20% after stronger July core Durable Goods Orders (0.5% vs 0.4%) and before Jackson Hole speeches from Yellen (10:00am) and Draghi (3:00pm).   Core European bond yields 1-2 bps lower, heavy selling in German 5Y futures...

24/08/2017

Market Update US tsys trading weaker , yields 1.5 – 2 bps higher, 10Y 2.19 (+2bps), some profit taking after yesterday’s FTQ rally, above average volume in TY1 futures (388k). European stocks are higher, Euro Stoxx +0.40%,  S&P futs +4.5, crude slightly lower...