by admin | Oct 6, 2015 | comments
Market update US tsys slightly higher in NY open, 10Y 2.045 (-1.1bps) with short end unch. Euro stocks higher a second day, USD The US auctions $24bln in 3Y notes at 1:00Pm with the WI 0.895%. Last month’s 3Y cleared @ 1.056% so yields are ~16bps lower close to the 6...
by admin | Oct 5, 2015 | comments
Market update US tsys lower, curve steeper , US 10Y 2.025 (+3bps) as equities are higher while the tsy mkt continues to price out rate hikes this year. Odds of a 25bp hike at the Mar 16 meeting have been pared back to ~50% from 66% on Thursday pre nonfarm. Fed...
by admin | Oct 2, 2015 | comments
Market update US tsys sharply higher, curve 5bps steeper, US 10Y below 1.95% (-9bps) with Fed fund futures pushing out the first rate hike to March 16 at the earliest. Payrolls were weak all around, except for the unemployment rate which was unch at 5.1%. Payrolls...
by admin | Sep 30, 2015 | comments
Market update US tsys opening lower yet well of o/n lows after ADP, Fed Dudley remarks. Tsys started to climb off the lows pre ADP, which came in above exp (200k vs 190 exp) 10Y 2.085 (+2.5bp), curve ~1bp steeper. Equities higher – Euro stocks up 2.8%, DJ futures...
by admin | Sep 28, 2015 | comments
Market update US tsys trading higher yet well off earlier highs, US 10Y 2.144 (-2bps). Personal income , PCE came in as exp for August. Equities weaker on story ECB will no longer buy VW backed auto loans and Glencore shares continue to collapse. NY Fed Dudley saying...
