18/12/2017

Market Update Tsys weaker, yields 1.2-2bps higher with the 10Y 2.373% (+2bps), avg volume in TY futures (205k). Equities stronger with S&P futures +10, crude higher for third day , +0.46% 57.55.  Optimism on passage of US tax cut with Senate to vote as early as...

15/12/2017

Market Update Tsys slightly lower on very light flows o/n (211k TY), 10Y 2.355%. Tsys lagging the rally in EGBs, led again by UK gilts with the gilt curve another 2bps flatter, UK 5/30 near the lows since Aug 2016, 10Y @ 1.15 the lowest since Sep 13th. Progress on...

14/12/2017

Market Update Tsys weaker, yields 2-3bps higher, 10Y 2.37% (+2.8bps) –  , yield curve slightly flatter, little reaction to stronger Nov retail sales (0.8% vs 0.3%). In Europe UK gilts outperforming, gilt/bund spread at a three-month low 87 bps – the March gilt...

13/12/2017

Market Update Tsys  weakening before CPI , lows of  overnight range, yields 1.2-2bps higher, 10Y 2.42 (+2bps).  Brief bid on democrat win in Alabama senate race evaporated the rest of the session. CPI coming up and FOMC meeting later this aft with the Fed expected to...

12/12/2017

Market Update Tsys trading slightly weaker, yields ~0.5-1bp higher US 10Y 2.38%, light volume in TY futures (~250k).  Thirty year auction in the US, FOMC decision tommorow aft.  Core Euro govts lower on stronger UK inflation data after CPI rose to the highest level in...