01/02/2018

Market Update Tsys weaker across the curve, 5Y above 2.55, 10Y 2.75%, futures near o/n lows on heavy volume (600k TY). Tsys lower with EGBs as Spanish & French supply weighed, 10Y bund above 0.73% . Stocks in Europe reversing gains unable to recover after a three...

31/01/2018

Market Update US tsys higher, US 10Y 2.705 (-1.5) despite stronger Jan ADP (234k vs 185k) and the US Treasury raising auction sizes for  3, 10 & 30 yr qrtly refunding. Tsy curve pairing back yesterday’s steepening as well, 2bps flatter led by the long end. Busy...

30/01/2018

Market Update US tsys  slightly lower, US 10Y 2.707% (+1.3bps), after moving above 2.73% overnite, prices seeing some support as equities weaken for a second day with S&P futures -12.5. Bund curve steeper, 10Y unch after weaker than exp German Jan CPI (1.6% vs...

29/01/2018

Market Update Global govt bonds selling off this morning, US tsy& bund yields 3-6bps higher, muted rise in gilt yields 0.5-2bps. Tsy yields easily breaching resist,  10s above 2.70% for the first time since April 2014 on heavy volume in TY futures (>860k),...

26/01/2018

Market Update Tsys weaker, 10Y 2.64%,(+2.4bps), above avg volume in TY futures, reversing some of yest late aft rally. Equities firmer (S&P fut + 9.25), gold higher, crude unch 65.60 , USD weaker reversing Trump bounce on Trump. Tsys lower with bunds after Draghi...