19/05/2017

Market Update Tsys trading weaker , curve steeper out to tens, 10Y 2.25% (+2bps), longs outperforming on avg volume in TY futures esp compared to the last couple of days. Euro stocks  higher, S&P mini +5pts, crude +1.2% @ 49.95. Tsys in a narrow range overnite,...

18/05/2017

Market Update Tsys higher again this morning on risk-off, volume in TY futures ~3x avg, 750k , US 10Y below 2.20% for the first time in a month, Dow futs -European stocks lower-  stoxx -1.0% led by banks -2%. Brazil real fell 5.3% at the open, Brazil stk futures down...

17/05/2017

Market Update Tsys higher on heavy volume in TY1 futres (>500k vs 260k), bid again on political news after NYT story on Trump/Comey meeting, US 10Y 2.292 (-3.3bps), curve 1bp flatter with longs lagging by 0.5bp. Dow futures off 93pts, USD index lower for a fifth...

16/05/2017

Market Update Tsys rising off the lows after disappointing Apr Housing Starts (-2.6% vs 3.7% exp) rallying o/n on risk-off bid related to latest Trump news on Russia, US 10Y fell to 2.32% before the pullback in Europe, now 2.36% (+1bp). The USD index lower for a third...

15/05/2017

Market Update Tsys slightly lower on avg vol in TY1 futs, 10Y 2.333 (+0.7bps), curve steeper with longs underperforming – little reaction to weaker May Empire Man (-1 vs 7.5). Early risk off bid on North Korea missile launch faded, crude sharply higher as OPEC looks...