09/12/2016

Market Update Tsys rebounding from earlier losses on news ECB will not grant Monte Paschi’s requests for more time to raise capital boosting the likelihood of a state bailout. US 10Y 2.404% after hitting 2.44% in NA trading. Core Euro bonds also pairing losses, 10Y...

08/12/2016

Market Update Tsys sharply lower, steeper, US 10Y 2.40% (+5.8bps) after ECB said it would buy E80bln/mth until March 17 but after reduce to E60bln until Dec 17. 10Y hit 2.416% at the lows but buyers have came in before ECB press conference. Core EGBs lower, yields...

07/12/2016

Market Update Tsys trading at top of narrow overnite range, Us 10Y -0.025bps 2.365%, curve flatter with the 2Y lagging. Core European bonds higher, UK gilts outperforming as UK ind production fell 1.3% vs 0.2% exp, the largest monthly decline in eight months. ECB...

06/12/2016

Market Update US tsys reversing earlier gains after Q3 unit labor costs rose 0.7% vs 0.3% exp, yields ~1bp lower out to 7yrs, unch in longs, 10Y 2.39%. Narrow range in TY futures on below avg volume. Core euro bonds underperforming, 10Y bund yield 1.5bps higher @...

05/12/2016

Market Update US tsys lower, reversing earlier gains with German bunds after the ‘no’ vote prevailed as expected in Italy’s referendum. US equity futures, higher along with European equities, a decline in the euro to twenty month lows helping exporters. Gold getting...