27/02/2019

Market Update US tsys trading slightly higher ahead of Fed chair Powell 2nd day of testimony before the US House,  10Y 2.63%, avg volume in TY futures. SPX futures lower, USD index off the lows.  Crude 2% higher 56.65 after Saudis said OPEC will stick to...

26/02/2019

Market Update US tsys trading higher, 10Y 2.64%(-2bps), after US Dec Housing Starts fell to a two-year low (-11.2% m/m vs -0.1% exp.) and as German bunds reverse earlier declines. Fed Chairman Powell speaks before US Congress at 10:00am. UK Gilts lagging, 10Y...

25/02/2019

Market Update US tsys trading lower, yields 2-2.5bps higher, 10Y 2.68% (+2.5bps), roll from March to June responsible for volume in TY futures (590k).  S&P futures higher, emini above 2,800 for first time since Dec 3rd.  Trump said he would extend the...

22/02/2019

Market Update US tsys trading higher, 10Y 2.68% (-1bp), avg volume in TY futures (320k). EGBs outperforming, gilt yields in risk-off mode before ECB Draghi comments this aft and weak German business confidence data.  Equity futures higher (S&P +11) on more...

21/02/2019

Market Update Tsys off the lows after  weaker Dec Durable Goods & Feb Phili Fed (-4.1 vs 14), yields still  2-3bps higher from o/n session on positive news on trade with Reuters reporting the US & China are close to a trade deal. Fed Bullard , in...