16/05/2017

Market Update Tsys rising off the lows after disappointing Apr Housing Starts (-2.6% vs 3.7% exp) rallying o/n on risk-off bid related to latest Trump news on Russia, US 10Y fell to 2.32% before the pullback in Europe, now 2.36% (+1bp). The USD index lower for a third...

15/05/2017

Market Update Tsys slightly lower on avg vol in TY1 futs, 10Y 2.333 (+0.7bps), curve steeper with longs underperforming – little reaction to weaker May Empire Man (-1 vs 7.5). Early risk off bid on North Korea missile launch faded, crude sharply higher as OPEC looks...

12/05/2017

Market Update Tsys higher after both core Apr CPI and retail sales missed to the downside, US 10Y 2.36.  Tsys rose overnite with EGBs.  German bunds spiked in early trading on muted volumes as yesterday’s 165.98 high was breached, but prices have almost completely...

11/05/2017

Market Update US tsys giving up slight gains on much firmer Apr core PPI – 0.7% vs 0.2% exp , while claims fell to 236k vs 245k and cont claims at a new low 1918k -US 10Y unch @ 2.403%. EGBs lower after US data after rising on dovish BOE Carney testimony. Carney...

10/05/2017

Market Update Tsys higher, US 10Y 2.38 (-2bps) on above avg volume in TY futures (346k). No real reaction to stronger April import prices (0.5% vs 0.1% exp. Overnite bid in tsys on news Trump fired FBI director Comey & N. Korea missile test.  EGBS higher, bunds...