13/12/2016

Market Update US tsys trading higher, US 10Y 2.451% (-2bps), curve flatter supported by move in European bonds.  European investors spending cash which had piled up in the selloff as EGB supply drops off into year end.  Gold trading lower, European stocks ~1.0% higher...

12/12/2016

Market Update Tsys sharply lower after overnite spike in oil on new OPEC cuts, yet so far 2.50% bringing in buyers, tied to selling of yen according to MNI. Overnite the 10Y hit 2.525% in Tokyo as Saudi agreed to cut more oil and non OPEC members are ready to sign on...

09/12/2016

Market Update Tsys rebounding from earlier losses on news ECB will not grant Monte Paschi’s requests for more time to raise capital boosting the likelihood of a state bailout. US 10Y 2.404% after hitting 2.44% in NA trading. Core Euro bonds also pairing losses, 10Y...

08/12/2016

Market Update Tsys sharply lower, steeper, US 10Y 2.40% (+5.8bps) after ECB said it would buy E80bln/mth until March 17 but after reduce to E60bln until Dec 17. 10Y hit 2.416% at the lows but buyers have came in before ECB press conference. Core EGBs lower, yields...

07/12/2016

Market Update Tsys trading at top of narrow overnite range, Us 10Y -0.025bps 2.365%, curve flatter with the 2Y lagging. Core European bonds higher, UK gilts outperforming as UK ind production fell 1.3% vs 0.2% exp, the largest monthly decline in eight months. ECB...