14/06/2017

Market Update Tsys screaming higher, yields 5-7.5bps lower with longs outperforming after big misses on both May CPI & Retail Sales, 10Y 2.14%, after narrow overnite range on low volume before FOMC this aft. European equities extending yesterday’s rally, Stoxx up...

13/06/2017

Market Update Tsys opening slightly lower after core PPI 0.3% vs 0.1% exp for May, after a low volume overnite session, US 10Y 2.22%, tsy curve 0.5bps steeper as longs lag in front of today’s 30Y auction and tomorrow’s FOMC. Equity futures +3.75, crude lower after...

12/06/2017

Market Update Tsys slightly lower on low volume in TY futures, US 10Y 2.209, before FOMC Wednesday, key eco data (CPI, retail sales…)  and 3,10 & 30Y supply this week. Equites weaker, emini -6, gold higher, crude continuing higher from Friday, now up 1.57% on...

09/06/2017

Market Update Tsys opening weaker, US 10Y 2.204 (+1.6bps), narrow trading range on above avg volume (350K TY1) after surprise UK election result. UK election produced hung parliament with conservatives losing their majority  and Brexit uncertainty. EGBs mixed with...

08/06/2017

Market Update Tsys opening NY lower, US 10Y 2.197 (+2.4bps), curve 1bp steeper before Comey testimony later this morning. Core EGBs lower – the ECB dropped a reference to further interest rate cuts as expected – press conference at 9:00ET. Bunds were...

07/06/2017

Market Update Tsys lower, yields ~1bp higher , 10Y 2.154%, on avg. volume in TY futures (240k). European stocks are higher, S&P futures up 1.25, crude off 0.64% after API data  showed a rise in gas supplies and after yesterday’s sharp rally.  DOE crude inventories...