13/08/2015

Market update US tsys opening lower after in line Retail Sales & overnite ‘risk on’ session, US 10Y 2.18 (+3.0bps). PBOC tried to calm nerves over Yuan devaluation, saying China has ample reserves, strong economy .  US auctions $16bln in 30Y bonds at 1:00EST after...

12/08/2015

Market update US tsys opening higher, US 10Y 1.84 (-5.3bps) after second Yuan devaluation in as many days. Volume in tsy futures o/n said to be very high according to MNI. Tsys off the o/n highs on reports China bought its currency in an effort to stem the decline....

05/08/2015

Market update US Tsy lower/ curve steeper after brief jump on weaker ADP (185 vs 215) as stock futures rise on no go Fed. Fed Powell had said there was no decision on Sep rate hike and that this Friday’s jobs report is key. Fed fund futures pricing in ~50% odds of...

04/08/2015

Market update US tsys on the defensive this morn after yields reached two month lows yest after weak ISM (priced paid 44 vs 49 exp). 10Y 2bps higher @ 2.17, curve ~1bp steeper. WTI is ~1.6% higher after falling 4% yest, other metals higher as well. Core Euro bonds...