20/05/2016

Market update Tsys opening lower, yields 1-2 bps higher ,10Y 1.863%.  Tsys opened higher in Asia yet fell thru the rest o/n session as European equities stabilize at six week lows, and reports of foreign CB selling tsys (MNI). Low volume in TY futures (264k). Selling...

19/05/2016

Market update US tsys lower, yields ~1bp higher, curve slightly steeper, little reaction to marginally lower Phili Fed, slight increase in claims. Tsy 5Y underperforming for a 2nd day in follow thru to yesterday’s post hawkish FOMC minutes reaction which saw the 5s...

18/05/2016

Market update Tsys lower, yields 1bp higher across the cure, US 10Y 1.784%. Core European bonds underperforming led by UK gilts, with 10Y gilt ~3bps on better than expected employment growth, tsys pressured by weaker bunds, gilts in Europe. The tsy cpn curve narrowed...

17/05/2016

Market update US tsys moving higher despite better than exp CPI (0.4% vs 0.3% largest monthly advance since 2013) & housing starts, US 10Y 1.75%.  Core Euro bonds lower on higher stocks and crude – the latter traded near seven month highs on Nigeria/Cdn supply...

16/05/2016

Market update US tsys lower, 10Y 1.722 (+2.3bps) on below avg volume, no reaction to weaker than exp May Empire Man. Crude at six month high above 47.00 (+3.8%) on supply fears and Goldman forecast.  Fed Lacker said there is a good case for raising rates in June in an...