22/12/2017

We will be back on Monday January 8th.  News headlines  Congress Averts a Shutdown But Now Faces a Messy Start to 2018 (Bloomberg) The Republican-controlled Congress on Thursday night managed the bare minimum task of keeping the government open, yet made little...

21/12/2017

Market Update Tsys trading higher before 8:30 data (Phil Fed, GDP), 10Y 2.48% (-1.6bps) after three day selloff. Current levels on TY near highs of overnite range on moderate volume (288k). Equities firmer (S&P fut +5.25), crude slightly weaker. Core EGBs lower, ...

20/12/2017

Market Update Tsys selloff continues on heavy volume, 10Y approaching 2.50% , eclipsing the intra day high from October 27th  on US tax cut overhaul, with the Senate slated to vote on the bill later this morning. Core European bonds in catchup mode, 10Y bund 0.403%...

19/12/2017

Market Update Tsys weakening in NA trade, 10Y 2.41%, risk on as passage of US tax bill set for a vote in the House at 1:30pm. US Housing starts rose to the highest in a decade in Nov, +3.3% m/m vs -3.1% exp. German bunds, gilts weaker , yields 2-3bps higher,...