05/08/2015

Market update US Tsy lower/ curve steeper after brief jump on weaker ADP (185 vs 215) as stock futures rise on no go Fed. Fed Powell had said there was no decision on Sep rate hike and that this Friday’s jobs report is key. Fed fund futures pricing in ~50% odds of...

04/08/2015

Market update US tsys on the defensive this morn after yields reached two month lows yest after weak ISM (priced paid 44 vs 49 exp). 10Y 2bps higher @ 2.17, curve ~1bp steeper. WTI is ~1.6% higher after falling 4% yest, other metals higher as well. Core Euro bonds...

29/07/2015

Market update US tsys trading lower 10Y 2.275 (+2.5bps), focus on FOMC meeting later this aft. Tsys fell o/n with core Euro bonds on recovery in risk assets as China stocks rose 3.0%. Bunds, gilts lower even as Greece 10Y ~43bps higher as Tsipras warns of snap...

24/07/2015

Market update US tsys opening slightly lower, lagging the sizeable rally in Euro govt bonds on weaker data, month end extensions. US 10Y 2.273 (+0.4bps), curve unch. Tsy futures volume way below avg, TY1 traded in a 5 tick range o/n. Core Euro bonds higher, led by 10Y...

23/07/2015

Market update US tsys opening higher, curve slightly steeper led by 5Y 10Y trading just below key 2.32% resist (2.315 -0.5bps). Core Euro bonds higher, bund futures eclipsed prev high 153.34 in early European session despite positive Greek news (reform vote see...

21/07/2015

Market update US tsys trading lower, US 10Y 2.40% (+2bps), tsy 5/30 curve steeper after reaching flattest lvls since mid June yest. Stocks higher, China (Shanghai comp) up for 4th day, gold higher as well first time in a week, recouping fraction of yest steep losses....