17/07/2017

Market Update US Tsys prices open higher after overnight improvement, just off top end late overnight highs on light overnight volume, quiet start to wk with limited second tier data (Empire Manuf Index, 14.0 est) and black-out ahead next week’s FOMC...

14/07/2017

Market Update Treasuries prices open NY higher, fractionally flatter, follow core EGBs upward within range on light summer volume, France’s July 14th Bastille Day holiday. US equities futures mixed. Rally post data, holding gains on the double miss, orderly...

13/07/2017

Market Update Tsys trading lower after PPI/Initial Claims , after being under pressure for most of the early NA session, US 10Y 2.33 (+2bps). Yellen speaks before Senate in part II of testimony, followed by $12bln 30Y bond auction at 1:00PM.  EGBs lower , gilts...

12/07/2017

Market Update US tsys  rallying on Yellen’s prepared text release – the mkt focusing on comments that US rates don’t need to rise much to reach neutral, US 10Y 2.31% vs 2.36 pre Yellen. Tsys were already higher overnite with core EGBs after solid 10Y bund...

11/07/2017

Market Update US tsys lower overnight after selling in Asia, rebound in Europe, volume light in TY futures (238k), 10Y 2.386 (+1.3bps). Core Euro bonds lower , curves mixed. Gilt yields 1-2.5bps higher led by the short end while the bund curve is bear steepening....