by admin | Feb 28, 2018 | comments
Market Update Tsys trading higher, 10Y 2.88 (-1bp) – no reaction to Q4 GDP revision (2.5% vs 2.6% initial reading). Tsy prices supported by sharp rise in UK gilts after the release of the latest EU Brexit proposal – gilt yields 3-4bps lower. Big slide in Asian...
by admin | Feb 27, 2018 | comments
Market Update Tsys weakening after the text of Fed chair Powell testimony released – says gradual rate rises are needed, outlook remains strong, curve steeper, 10Y 2.88% 9+1.7bps). Focus now on Powell testimony at 10:00, Durable Goods weaker than exp, -3.7% vs -2.0%...
by admin | Feb 26, 2018 | comments
Market Update US tsys higher, yields 1-3 bps lower led by the 7Y, with the 10Y another 2bps lower @ 2.84%, after declining 5bps Friday. Core EGBs lagging the rally in tsys, bunds giving back some of outperformance which left the 10Y bund/tsy spd at 1yr wides....
by admin | Feb 23, 2018 | comments
Market Update Tsys trading higher, 10Y below 2.90% @ 2.88 (4bps), following move in bunds after weaker German GDP. Also supporting bunds is the widening in peripherals, particularly Italy , BTP/bund 10Y spd @ 1 mnth wides on pre Italian election jitters. USD index is...
by admin | Feb 22, 2018 | comments
Market Update Tsys trading higher, rebounding from yesterday’s post FOMC minutes sell-off, the 10Y 2.92%(-3bps), on heavy volume in TY futures (~540k). Equities lower in Europe, S&P futures +5.25, crude slightly lower 61.53. Core EGBs mixed – gilts lower, bunds...
