27/11/2019

Market Update US tsys slightly lower, yields 0.5bps higher in 10s, 10Y 1.745%, avg volume in TY futures (390k), S&P futures +3.25, crude unch 58.45.  Full data slate in the US before Thanksgiving holiday including Q3 GDP, claims and durable goods at 8:30ET....

26/11/2019

Market Update US tsys extending highs after more China headlines – ‘sticking points remain’ and rise in Oct retail inventories (0.3% vs 0.1%) 10Y 1.735% (-2bps), S&P futures unch. Gilts sharply higher, 10Y gilt 6bps lower @0.63% lowest since Nov1 despite lower...

25/11/2019

Market Update US tsys trading lower, yields 0.5-1.5bp higher led by the 7Y , with the 10Y 1.785 (+1.5bps), heavier volume in TY futures inflated by Dec/Mar roll.  Equity futures higher, S&P +7.25, crude slightly higher 57.88 close to top of three month range....

22/11/2019

Market Update US tsys higher, yields 1-2.5bps lower with the 10Y 1.75% (-2.5bps), tsy curve 1bp flatter on heavier volume due to the Dec/Mar roll, prices buoyed by rally in core EGBs on weak data. UK PMI data missed (48.6 vs 50.1), gilts bull flattening with yields...

21/11/2019

Market Update US tsys trading lower, paring earlier losses, 10Y 1.76% (+1.2bps), heavy volume in TY futures mostly due to Dec/Mar roll. Initial risk-on after comments from China Morning Post that US may delay Dec 15th tariffs. S&P futures +3.5  UK gilt yields...