06/04/2016

US tsys lower, curve steeper, US 10Y 1.745 (+2.5bps), on very low volume in tsy futs (196k). USD higher, reversing yesterday’s decline, WTI up $1.00, Euro stocks higher and S&P futs up 0.20%. Tsys trading in a narrow range o/n pressured by stocks and oil, moving...

05/04/2016

US tsys are sharply higher on weaker European/Asian stocks, S&P futures are -15pts, lower crude, US 10Y 1.723 (-4bps). Japanese yen rose to a 17 month high while the Nikkei fell 2.5% – the sixth straight decline.  Core Euro bonds also sharply higher led by...

04/04/2016

US tsys trading lower on relatively heavy volume in TY1 futs (378k) after stronger payrolls with European equities lower, the Nikkei down 3.5% and the USD index lower for a fifth day. Tsys fell ealier with the 10Y reaching above 1.8% but later bounced on weak Tankan...

01/04/2016

US tsys trading lower on relatively heavy volume in TY1 futs (378k) after stronger payrolls with European equities lower, the Nikkei down 3.5% and the USD index lower for a fifth day. Tsys fell ealier with the 10Y reaching above 1.8% but later bounced on weak Tankan...

31/03/2016

US tsys trading higher, curve slightly flatter US 10Y 1.817 (-1bp). Volume in TY futs below avg. Overnite S&P lowered the outlook for China to negative from stable to ‘reflect our expectation that the economic and financial risks …are increasing’. Yet China stocks...

30/03/2016

US tsys mixed, curve steeper after ADP came in above exp. (200 vs 195), and before US$28bln 7Y auction at 1:00PM. Core Euro bonds slightly lower, German regional inflation came in higher than exp.  Yellen basically took a Fed rate hike in April off the table with her...