15/05/2019

Market Update Tsys trading higher with equity futures weakening, US 10Y 2.375% (-3.5bps), five week low on above avg volume in TY futures (437k), the 2Y yield 2.16% lowest since Feb 2018.  Data in the US includes April Retail Sales & Empire Man. Overnight...

14/05/2019

Market Update US-China trade talks continue to dominate with slightly more optimistic headlines suggesting talks were ongoing and that Trump was still willing to do a deal helped USTs to give up some of yesterday’s gains. However, moves have been much more muted...

13/05/2019

Market Update Latest headlines China to raise tariffs by 5%-25% on nearly 2,500 US goods spurs bid in Tsys, new highs. Risk assets in retreat while Tsys trading around late overnight highs on moderate volume (TYM>350k), narrow range after initial risk-off bounce as...

10/05/2019

Market Update US tsys slightly lower, near top of narrow range overnite, 10Y 2.445%, heavy volume in TY futures (670k), US/China trade and Trump tweets making headlines with the US raising tariffs on $200bln in Chinese goods and the Chinese threatening to...

09/05/2019

Market Update US tsys higher on rising trade tensions between the US & China, after Trump said China ‘broke the deal’ last nite, 10Y 2.45% (-3.5bps). Risk-off with US equities lower, S&P futures -21,  European equities  -1.0%, while the MSCI Asia...

08/05/2019

Market Update US tsys trading higher on ‘risk off’ tone with EGBs, concerns over US-China trade and Iran nuclear tensions, US 10Y 2.435% (-2.2bps). Core EGBs higher led by 10Y UK gilts, Brexit talks between the govt and opposition ‘close to being terminated’ according...