25/01/2017

Market Update US tsys lower with the tsy curve steeper, prices off overnight price low which saw the 10Y hit 2.485%, now 2.48% (+1.5bps). Tsys weaker in Asia as risk on carried over from Tuesday & Nikkei rose 1.43% the largest rise since Jan4th. The MSCI – All...

24/01/2017

Market Update US tsys lower, yields 2-4 bps higher led by 10s @ 2.434 (+3.4bps), curve 1.5bps steeper. Tsys pressured since Asia after Monday’s short covering rally. USD higher after hitting a seven-week low on Treasury Secretary Mnuchin warning of excessive strength,...

23/01/2017

Market Update US tsys opening higher, US 10Y 2.44% (-2bps), curve ~0.5bps steeper. Tsys bid in Asia after Trump inauguration & ensuing protest, thou the  rally faded in Europe along with core EGBs.  S&P futures off 0.17%, crude down 1.2% at 52.58, reversing...

20/01/2017

Market Update Tsys slightly lower, reversing most of the earlier losses which saw the 10Y touch 2.509% at 5:22am ET, now 2.47% (+0.5bps). Tsys weaker in Europe tracking core EGBs with l.t. bund yields 3bps higher, gilts yields higher despite very weak retail sales for...

19/01/2017

Market Update Tsys still on the back foot with the 10Y 2.44 (+1bp) after stronger eco data (housing starts +11.3%) and after Yellen yest afternoon said the economy is close to the dual mandate goals of full employment and stable inflation, hinting at the possibility...