par admin | Sep 28, 2015 | commentaires
Market update US tsys trading higher yet well off earlier highs, US 10Y 2.144 (-2bps). Personal income , PCE came in as exp for August. Equities weaker on story ECB will no longer buy VW backed auto loans and Glencore shares continue to collapse. NY Fed Dudley saying...
par admin | Sep 25, 2015 | commentaires
Market update US Tsys are lower/steeper, Tsy futures underperform on above avg volume. Risk off, global stocks better (save China CSI 300 and Mexico), EGBs lower, Bunds lower/steeper, US Swap and US MBS spds tighter, USD higher vs ccy majors. Big news was...
par admin | Sep 24, 2015 | commentaires
Market update US sharply higher/flatter, futures outperforming on good volume. Global stocks in the red after Norway unexpectedly cut rates 25 bps to .75bps, Taiwanese cut rates to 1.75%, its first cut since 2009 and as BMW now becomes the second auto company to have...
par admin | Sep 23, 2015 | commentaires
Market update US Tsys lower/steeper, futures underperforming on avg volume. Big story overnight was Caixin flash China PMI was disappointing at 47, lowest since March 2009 and vs expectations of 47.5 but despite weaker Sep EZ flash PMIs the spin was that Q3 EZ growth...
par admin | Sep 22, 2015 | commentaires
Market update US tsys trading higher, US 10Y 2.17 (-3bps) on global equity weakness with Volkswagen shares down another 18% and resource stocks down sharply – the FTSE metals & mining index -5.5%. 10Y US swap spreads narrowed to the lowest since Sep 2010 on corp...
par admin | Sep 21, 2015 | commentaires
Market update US tsys opening lower & ~1bp steeper, US 10Y 2.17 (+3.7bps). Tsys pressured by some hawkish comments from Fed governors Bullard and Williams. Yet as corp supply is expected to pick up significantly this week (25-30bln after only 10bln last wk)...
