by admin | Nov 6, 2018 | comments
Market Update TY futures overnite as midterm election voting begins, equity futures slightly negative (S&P -6.25), USD index unch – midterms also expected to dampen IG issuance. Gilts underperforming, 10Y +2.4bps @1.53%, prices giving back earlier gains after...
by admin | Nov 5, 2018 | comments
Market Update US tsys opening slightly higher, 10Y 3.21% on decent volume in TY futures (~445k), narrow 4 tick range, with mkt focus on US/China trade and midterms tomorrow. Core Euro bonds lower & wider vs tsys, 10Y bund/tsys spd 2bps wider while UK gilts...
by admin | Nov 2, 2018 | comments
Market Update Tsys lower on potential for China/US trade deal and before key Oct Payrolls, (200k exp), yields 1.5-2bps higher with the 10Y 3.15%. Tsys off the lows as equities pare gains, S&P futures now +16 from +28 at 8:00ET. Exxon beat Q3 est ($1.46 vs $1.23),...
by admin | Nov 1, 2018 | comments
Market Update Tsys trading lower & steeper, yields 0.5-2bps higher with 10Y 3.16% (+1.7bps). Risk-on tone with Euro stocks higher (Stoxx +0.60%), US equity futures pointing to a higher open, S&P fut +13. Gilts underperforming after the BOE left rates unch as...
by admin | Oct 31, 2018 | comments
Market Update Tsys trading lower, curve steeper, yields 1.5-2.5bps higher with the 10Y 3.15 (+2.7bps), prices weakening further after ADP came in above exp (227k vs 187k). Risk-on with equities higher, S&P fut +25, Nasdaq +100. Core EGBS also lower, UK 10Y gilt...
