17/03/2016

Market update Tsys higher, following thru on yest Fed inspired rally, US 10Y 1.88 (-3bps) & cpn curve unch. Prices off the highs after better than exp Phili Fed index (12.4 vs -1.5) marked by improvements in both new orders and shipments. Yest the Fed chose to...

16/03/2016

Market update Tsys moving lower after core CPI came in stronger for Feb (0.3 vs 0.2), Housing Starts also above exp. Core Euro bonds higher overnite, strong rally in JGBs after BOJ Kuroda told the  Japanese parliament that negative rates were possible, backtracking...

15/03/2016

Market update US tsys trading higher, flatter, US 10Y 1.92 (-4bps) after weaker Feb retail sales/PPI. crude lower (36.47 -1.9%), USD index is higher except against the yen, which rose the most in a week vs the USD (0.84%). The BOJ refrained from additional stimulus...

14/03/2016

Market update US tsys trading slightly higher at NY open, 10Y edging closer to 2.0% support from Jan 29th @ 1.98 (-1bp). Ten yr futures in narrow 4 tick range on light, way below avg volume (189k). Light calendar today in the US but Tues thru Fri action packed with...

11/03/2016

Market update US tsys erasing earlier losses despite improving risk sentiment, US 10Y 1.926% (unch). Euro banks up 5%, crude higher on IEA report saying oil may have bottomed. German govt bonds higher led by longs with the bund curve another 2bps flatter as mkts react...

10/03/2016

Market update US tsys trading slightly higher along with core EGBs after ECB surprised with QE extension along with 10bp cut to deposit facility. ECB will expand monthly asset purchased to E80bln. Euro slammed in the wake of decision, down 1.2% close to 1.08 support....