07/06/2018

Market Update Tsys are weaker, trailing the decline in European bonds, thou to a lesser extent, the US 10Y 2.985% (+1.3bps).  USD index weaker, EUR higher for a 4th day , stocks firmer (S&P fut +3), crude higher (65.32 +0.62). Core EGBs weaker,  German bund curve...

06/06/2018

Market Update Tsys trading weaker, near lows of o/n session on heavy volume (490k TY), 10Y 2.955 (+2.7bps), USD index lower, thou US$/Yen is higher closing in on 200D MA a two-week high.  Core EGBs sharply lower on more hawkish ECB talk – ECB Praet and Weidmann...

05/06/2018

Market Update Tsys trading higher, US 10Y 2.91 (-3.5bps), on heavy volume in TY futures (440k), following core EGBs higher on renewed weakness in Euro peripherals, Italy 2Y 22bps higher. Gilts trading mixed, curve flatter, UK service PMI surprising to the upside for...

04/06/2018

Market Update Tsys trading lower, yields 0.5-2bps higher with the US 10Y 2.91%(+0.7bps), equities higher (S&P fut +9.5), EU peripheral yields rallying, Italy 2Y -36bps @0.59% from 2.64% last Tuesday.   German bund yields higher, thou well of early European highs,...

01/06/2018

Market Update Tsys lower before May payrolls, US 10Y 2.90% (+4bps), curve 1bp steeper 2s10s.  Trump tweeted “looking forward to the employment numbers” (195k headline exp, 3.9% unemp rate, 2.6% AHE), which led to additional selling in rates, along with sharply lower...