23/02/2016

Market update US tsys lower opening, curve ~1bp steeper, US 10Y 1.78 (+3bps). Tsys pressured in Asia on the back of heavy selling early on ~30K TY1 contracts, with the ten yr falling as low as 1.72% before rising back to ~1.79 in NA open.   News overnite included weak...

22/02/2016

Market update US tsys lower , curve flatter, US 10Y 1.77 (+2.4bps). European equities ~2.0% higher, USD +1.0%, crude 5% higher and gold 1% lower. British pound 2% lower at seven yr low on Brexit fears. HSBC posted an unexpected Q4 loss with the stock down 5.4% yet...

19/02/2016

Market update US tsys lower after stronger CPI (core highest since Aug 2011), 10Y futures higher on above avg. volume, US 10Y 1.78% (+2.5bps). European stocks lower led by banks despite ECB capital buffer news (see above). GOCs lower & steeper, spds ~3bps tighter...

18/02/2016

Market update US tsys slightly lower in quiet overnite trade, volume on ten yr futs below avg (283k), US 10Y 1.82%, curve 1bp steeper. Crude up 2.7% at 31.50, Euro & Asia stocks higher, S&P  futs up slightly. Core Euro bonds mixed, gilts underperforming bunds...

17/02/2016

Market update US tsys moving lower, accelerating since mid-morning on stronger core PPI (0.4% vs 0.1%) equity mkts improve: Euro stoxx up 2%, S&P futs +1.6%. US 10Y 1.82% (+4bps), curve ~1bp steeper.  Crude up 3% @ 29.90 after falling on Russia/Saudi news. ...