08/09/2015

Market update US tsys opening lower, curve steeper with the US 10Y 2.164 (+3.7bps)on ‘risk on’ after China stocks rallied 3.0% despite poor export figures.  European equities are higher, USD lower , gold higher and crude lower. Also weighing on tsys – a wave of...

03/09/2015

Market update US Tsys rising with EGBs after Draghi increases QE buying cap, revises down GDP/inflation Eurozone forecast data, US 10Y 2.157 (-2.7bps). Tsys basically unch o/n  with little reaction to uptick in claims, lower trade deficit .In Canada, GOCs are higher...

02/09/2015

Market update US Tsys slightly higher, curve flatter with little reaction to small miss in ADP (190k vs 200k), US 10Y 2.165 (+1bp). Tsy futures range bound overnight, underperforming core EU bonds as 10Y gilts, bunds ~1bp lower. Aussie govt bonds sharply lower despite...

01/09/2015

Market update US Tsys higher, curve flatter, US 10Y 2.17 (-5bps) on weak China data (See above), lower global equities. Crude oil ~3% lower @ 47.60, still only retracing a fraction of  yest $6 rally on talk Saudi weighing production cuts. Latest JPM Tsy Client Survey...

31/08/2015

Market update US tsys higher, curve ~4bps flatter o/n with the US 10Y 2.15 (-3bps) on weaker global equities & Fed rate hike fears. China stocks fell 0.8% while at the same time Fed VC Fischer’s comments on inflation raised expectations of a rate hike at the Sept...