by admin | Jan 16, 2018 | comments
Market Update Tsys trading firmer, near top of o/n range on heavy volume (>500k), 10Y 2.533% (-1.3bps), curve 1.5bps flatter. Tsys lagging the rally in bunds – ECB not planning changes to bond purchase plan until March according to Reuters. Gilts higher, steeper...
by admin | Jan 15, 2018 | comments
Market Update US cash markets closed for MLK holiday, with very low volume in TY futures (~95k). The USD index under pressure, close to a three-year low. Core Euro bonds mixed, UK gilts higher, flatter on rise in political risk as UK construction firm Carillion filed...
by admin | Jan 12, 2018 | comments
Market Update US & Cdn mkts slightly lower before US CPI/retail sales data, US 10Y 2.55%. EGBs mixed, bund curve continues to flatten in anticipation of ECB shift after yesterday’s minutes, while the Euro is at a three year high. JPM down ~1.0% pre mkt after...
by admin | Jan 11, 2018 | comments
Market Update Tsys lower, US 10Y 2.56% (+0.4bps), off the lows after surprise drop in Dec PPI (-0.1% vs 0.25 exp). Tsys lower o/n on ECB headlines guidance could shift in early 2018, bund yields 2-5 bps higher led by the 5Y sector, large volume going thru in Dec8...
by admin | Jan 10, 2018 | comments
Market Update US tsys continuing to selloff this morning, US 10Y 2.582% (+2.9bps), tsy curve another 4bps steeper led by the long end, heavy volume in TY futures (>900k). Tsys dropped sharply in Asia after Bloomberg headline out of China that officials there are...
