08/12/2017

Market Update Tsys lower and flatter, avg volume in TY futures, 10Y 2.38%. ‘Risk on’  with equities in Europe higher, S&P futures  +5.5 before payrolls.  Economic numbers out of Japan/China much better than exp, Brexit deal supproting risk assets. ...

07/12/2017

Market Update Tsys slightly weaker on moderate volume (293k TY futs), 10Y 2.342% (+0.5bps).  Mkt focus turns to payrolls tomorrow with only initial claims on the calendar today.  Tsys lagging the declines in EGBs – gilt/oat yields 2-3bps higher, bunds ~1bp.  Gilts...

06/12/2017

Market Update Tsys trading higher close to session highs after ADP +190k as expected. Heavy volume in TY futures overnite (>480k) tsy curve steeper, 10Y 2.33(-2bps). FTQ bid on news Trump admin to recognize Jerusalem as capital of Israel. Equities weaker – ...

05/12/2017

Market Update Quiet session overnite with tsy ten year futs trading at the low end of the range after selling since Europe on avg volume (>280k), 10Y 2.39% (+1.8bps). Gilts trading higher, led by longs on Brexit progress, weaker UK service PMI (53.8 in Nov from...

04/12/2017

Market Update Risk on rally after passage of US tax bill early Saturday, tsys lower yields ~3bps higher, on heavy volume in TY futures (530k), US 10Y 2.392 (+3bps). Equities higher – S&P fut  +15, Euro stoxx +1.2%. The USD is higher vs the euro, lower vs GBP, unch...