16/05/2019

Market Update US tsys slightly lower, 10Y 2.38%, tsy curve 2bps flatter, TY futures lower end of overnight range on above avg volume (450k), of note the 3M-10Y curve is inverted -1.8bps. Equity futures slightly higher, (S&P +0.25%) . April Housing starts & May...

15/05/2019

Market Update Tsys trading higher with equity futures weakening, US 10Y 2.375% (-3.5bps), five week low on above avg volume in TY futures (437k), the 2Y yield 2.16% lowest since Feb 2018.  Data in the US includes April Retail Sales & Empire Man. Overnight...

14/05/2019

Market Update US-China trade talks continue to dominate with slightly more optimistic headlines suggesting talks were ongoing and that Trump was still willing to do a deal helped USTs to give up some of yesterday’s gains. However, moves have been much more muted...

13/05/2019

Market Update Latest headlines China to raise tariffs by 5%-25% on nearly 2,500 US goods spurs bid in Tsys, new highs. Risk assets in retreat while Tsys trading around late overnight highs on moderate volume (TYM>350k), narrow range after initial risk-off bounce as...

10/05/2019

Market Update US tsys slightly lower, near top of narrow range overnite, 10Y 2.445%, heavy volume in TY futures (670k), US/China trade and Trump tweets making headlines with the US raising tariffs on $200bln in Chinese goods and the Chinese threatening to...