17/01/2017

Market Update US tsys sharply higher, yields 4-6 bps lower,10Y 2.34%, S&P futures down 0.39%, GBP surging 2.5% – the largest gain since 2008 after UK PM May confirmed the UK will quit the European single market in a ‘hard brexit’. Tsys off the highs after...

16/01/2017

Market Update With the Martin Luther King holiday in the US, the Treasury market is really a by-stander in European trading. The volumes on the 10-year contract are running at around 60% of the averageof the past 10 days. There is no cash activity and while swap...

13/01/2017

Market Update US tsys lower, giving up gains despite bond friendly data on retail sales & PPI, yields bps lower out the curve with the curve 1bp steeper, 10Y 2.34 (-2.3bps). Tsys were initially weaker in Asia following Yellen’s hawkish comments yest aft, noting...

12/01/2017

Market Update US tsys higher, yields 2-4bps lower, curve flatter with the 10Y 2.33 (-4.4bps). Tsy prices off the highs after initial claims/import pricesGerman bunds weaker due to Italian govt supply. Tsys were higher in Asia on risk off buying after Trump press conf...

11/01/2017

Market Update US tsys trading higher, upper end of o/n range with the US 10Y 2.377, albeit in a very narrow range on low volume in TY futures (203k).  Asian hrs saw foreign CB selling in the short end, with interest in buying out the curve, flatteners from credit...