16/08/2017

Market Update US tsys slightly lower, 10Y 2.275 (+0.5bps), TY futures in narrow 5 tick range on avg. volume. Equities firmer (eminis +4),  gold lower for third day, crude 47.70 +0.30% after API reported US crude inventories fell 9.2mln bbls. Core Euro bonds lower,...

15/08/2017

Market Update US tsys lower for a second day, moving lower still after July retail sales rose 0.6%, core 0.5% – both well above expectations, 10Y closing in on 2.30%, now 2.28% (+6bps).  Empire Manufacturing 25.2 in August vs 10 exp., prices paid 31 vs 21.3, new...

14/08/2017

Market Update US tsys weaker, just off lows on moderate volume (254k)  as tensions between the US & North Korea ease, US 10Y  2.217% (+2.8bps). European equities up 1.0%, crude -0.50%, gold weaker (-6,1288). Core Euro bonds lower , German bund curve ~5bps steeper...

11/08/2017

Market Update US tsys trading higher after weaker than exp July CPI & core CPI – both 0.1% vs exp 02%,  US 10Y 2.19% (-1.7bps). Tokyo closed for holiday. In Europe tsys lagged bunds which are 2-3bps lower, 10Y bund 0.38% lowest since June 28th.  European equities...

10/08/2017

Market Update US tsys opening higher after weaker PPI & initial claims, US 10Y 2.23% (-1.5bpts). Global stocks lower – Europe down 0.60% , S&P mini -9pts, crude higher for a second day, 49.90 (+0.70%). The US Tsy auctions $15bln in 30y bonds at 1:00PM,...