13/06/2016

Market update US tsys higher for a fifth day, US 10Y below 1.635 (-1bp) on ‘risk off’ as the Nikkei fell 3.5%, European equities lower for a fourth day, GBP off 0.60% close to two month lows before Brexit vote next week. Tsys gapped higher at the open as the Nikkei...

10/06/2016

Market update US tsys higher, curve flatter for a second day, US 10Y touched a new low 1.65% (-3b.4bps) on avg volume in TY1 futures (290K). Tsys flat in Asia but rose in Europe on more warnings on Brexit vote, ex ECB president Trichet warning Brexit would be a...

09/06/2016

Market update US tsys higher, curve flatter, on above avg volume in TY1 futures (306K), US 10Y below key resist 1.70%, now 1.676 (-3bps). Tsys rose in Asian session on Bank of Korea surprise 25bp rate cut, lower China CPI and strong 5Y JGB auction (bid/cover 4.66x –...

08/06/2016

Market update Tsys slightly lower in another low volume o/n trade, US 10Y 1.72%. German 10Y bund yield fell to a record low 0.033% on flight to quality bid after mid-morning Bloomberg report of unsafe Chinese interception of US aircraft. Bunds succumbed to profit...

07/06/2016

Market update Tsys opening slightly higher, US 10Y 1.73% (-1bp), below avg volume in TY1 futures. Core Euro bonds mixed, with short end yields higher, longs 1-2bps lower led by German 30Y bunds. Crude 1.1% higher above $50 – crude inventories forecast to have fallen...