by admin | Oct 27, 2017 | comments
News headlines The Race for a Major Tax Overhaul Is On. Here’s One Big Obstacle (Bloomberg) The House narrowly adopted a budget resolution, but a lingering obstacle to overhauling the U.S. tax code re-emerged: whether or how to limit a federal tax break that benefits...
by admin | Oct 26, 2017 | comments
Market Update US tsys mixed with longer maturities slightly higher, curve flatter, 10Y 2.424%, lagging the rally in bunds after the ECB unveiled its QE plan which met expectations for a nine-month extension and reduction in purchases to E30bln/mnth. According to a...
by admin | Oct 25, 2017 | comments
Market Update US tsy yields another 2.5-4bps higher after solid US durable goods orders, US 10Y 2.47% (+3bps), heavy volume in TY futures (520k), pressured by weaker EGBs, stronger US Sep Durable Goods new highs in USDJPY, equities weaker (S&P fut -3.5). Core Euro...
by admin | Oct 24, 2017 | comments
Market Update Tsys down sharply in early NA trade on heavy volume, falling with bunds on stronger Euro PMIs & earnings (GM, MCD), US 10Y above 2.40% (2.41%, +4bps) for the first time since May. Bunds (10Y 0.477% +5bps) also heavy ahead of Thursday’s ECB meeting...
by admin | Oct 23, 2017 | comments
Market Update Risk on trade in mkts has tsys on the backfoot, more than reversing yesterday’s rally with the 10Y 2.355 (+3.5bps) after the US senate passed the budget vote paving the way for tax reform. S&P futures +4.75, crude lower as US inventories rose and...
