by admin | Mar 28, 2019 | comments
Market Update US tsys trading slightly lower, off the intraday lows on heavy volume in TY futures (500k), little move in equities (S&P fut +2), US 10Y 2.38% (+1bp). US Q4 GDP revised lower to 2.2% from 2.6%, little reaction in tsys so far yet with a full rate cut...
by admin | Mar 27, 2019 | comments
Market Update US tsys higher, yields 3-5bps lower and the tsy curve 2bps steeper, 10Y 2.39% lowest since Dec 2017, S&P futures moving lower since early morning (-3.25). Core EGBs rallying led by 10Y bunds, 10Y bund auction sold at -0.05%, first negative...
by admin | Mar 26, 2019 | comments
Market Update US tsys trading lower reversing yesterday’s gains, 10Y 2.44% (+4bps) with the long end outperforming. equity futures higher (S&P +14.75, Nasdaq +41). Housing Starts fell the most in eight months in Feb -8.7% vs -1.6% exp . The US auctions $40bln in...
by admin | Mar 25, 2019 | comments
Market Update US tsys trading weaker, yields 1-3bps higher, US 10Y 2.465% (+2.5bps). US equity futures slightly lower (S&P -0.1%), crude 0.40% lower 58.79. Phili Fed Harker said this morn he sees one rate hike this year ‘at most’, while Fed Evans said the...
by admin | Mar 22, 2019 | comments
Market Update US tsys significantly higher, yields 4-6bps lower with the 10Y below 2.50% for the first time since Jan 2018, now 2.475 (-6bps). Weak European PMIs driving 10Y bund below 0% for the first time since 2016. German Manuf PMI fell to 44.7 in March vs...
