by admin | Aug 3, 2018 | comments
Market Update Tsys trading steady/mixed ahead July jobs report (+190k est), rate futures loosely mirroring swings in US$ overnight (latest drop as PBOC changes policy on FX reserve requirements for FX forwards from 0.0 to 0.2%, effective Aug 6). Moderate volume on...
by admin | Aug 1, 2018 | comments
Market Update Stronger than expected ADP leads to Tsy trading lower, moderate volume, curves steepening, reversing Tuesdays bull flattening; dealers see lighter buying from overseas accounts as weakness; Tsy ylds higher 10Y 99-01.5 (2.986%) vs. 99-08 (2.962%) late...
by admin | Jul 31, 2018 | comments
Market Update Tsys trading higher on heavy volume (TY>585k), 10Y 2.95% (-2bps). BOJ held off on removing stimulus, keeping rates steady with dovish guidance (revising down inflation forecast). The JGB 10Y, which will have a wider band to trade in, fell 4bps to...
by admin | Jul 30, 2018 | comments
Market Update US tsys lower, curve steeper with the US 10Y 2.982(+2.8bps), close to lows of Friday post GDP, weakening in Europe with bunds/gilts. Below avg volume in TY futures ahead of busy week in terms of central bank mon pol & data with non-farm payrolls...
by admin | Jul 27, 2018 | comments
Market Update US tsys unch on avg volume , 10Y 2.977%, before advance Q2 GDP (4.2% exp). Market expecting a big number after Trump/Kudlow. USD index slightly higher, equities fut mixed (S&P -0.25, Nasdaq +7). A second BOJ bond buying operation this week to cap the...
