02/08/2017

Market Update US tsys volatile after July ADP +178k vs 190k exp (June revised to 191k from 158k) and  tsy refunding announcement – $62bln in 3, 10 & 30Y notes as expected, notably the Treasury made no mention of ultra-long bonds in the statement which is...

01/08/2017

Market Update US tsys slightly lower, yields ~1bp higher across the curve, 10Y 2.30%, little reaction to as expected June core PCE 0.1%, 1.5% y/y (exp 1.4%), pres income unch vs 0.4% exp. Overnight, tsys under some pressure as Ex Fed chair Greenspan said bonds were in...

31/07/2017

Market Update Treasuries open NY lower, after overnight two-way flows including Asian safe-haven bid amid another N.Korea ICBM missile firing. German Bund decline on higher than expected German retail sales, surprise Eurozone core inflation rise. Also selling in Tsy...

28/07/2017

Market Update Treasuries opened NY lower across the curve with the US intermediates now leading lower esp. 5Y note amid 5/30Y curve flattening; 10Y yield is now at 2.334% vs. 2.309% at 3pm ET Thursday. Traders await 8:30am ET US Q2 GDP report; MNI poll median estimate...

27/07/2017

Market Update Treasuries open NY weaker after overnight two-way flows followed US post-FOMC rally. Tsy 1pm ET $28B 7Y auction. 10Y Tsy yld 2.3bp higher at 2.305%; 2/10Y curve steeper, 5/30Y flatter by 0.60 bps. Today, is the heaviest day for company earnings...