06/12/2016

Market Update US tsys reversing earlier gains after Q3 unit labor costs rose 0.7% vs 0.3% exp, yields ~1bp lower out to 7yrs, unch in longs, 10Y 2.39%. Narrow range in TY futures on below avg volume. Core euro bonds underperforming, 10Y bund yield 1.5bps higher @...

05/12/2016

Market Update US tsys lower, reversing earlier gains with German bunds after the ‘no’ vote prevailed as expected in Italy’s referendum. US equity futures, higher along with European equities, a decline in the euro to twenty month lows helping exporters. Gold getting...

02/12/2016

Market Update Tsys higher, rising after non farm payrolls came up short of estimates (178k vs 180k) with Oct revised lower, US 10Y 2.40%(-4bps). Tsys higher in Asia on position squaring before employment data as well as Italy referendum this weekend. European rising...

01/12/2016

Market Update Tsys lower, curve 2bps steeper with the 10Y above 2.40% for the first time since July 2015 as crude rises over $50 after OPEC decided to cut production yest, its first cut in eight years. Tsys pressured since Asia trading, brief reprieve ~4:00AM. German...

30/11/2016

Market Update Tsys sharply lower, yields 5-6bps higher, 10Y 2.36% weighed by soaring oil on news of OPEC agreement on cut in production by 1.2mln b/d to 32.5mln, this was less than the 1.4mln b/d expected. US data mixed: ADP employment stronger, 216k vs 170k exp, thou...