04/09/2018

Market Update Tsys weaker yet off the lows despite weak stocks/emer mkts, strong USD, 10Y 2.87(+0.5bps), heavy volume in Ty futures (508k). Emerging mkt stocks lower for a 4th day, MSCI index -0.84%, with the DXY +0.44% @ 95.53. Turkish lira 0.3% lower on doubts the...

31/08/2018

Market Update Tsys higher on risk off, yields 2-3bps lower across the curve with mkt focus on trade with reports Nafta talks between the US/Cda have stalled, meanwhile European stocks lower (Stoxx -1.0%) after Trump’s decision to follow through on $200bln in tariffs...

30/08/2018

Market Update Tsys paring earlier losses, now slightly higher before PCE data, 10Y 2.877 (-0.7bps), lagging the move higher in core EGBs.  Bunds rallied on regional inflation data, Turkish Lira fell to two week low, EU peripheral spds wider. US equity futures lower,...

29/08/2018

Market Update Tsys trades mixed on narrow range, long end outperforming, decent volume due to ongoing Sep/Dec roll action ahead Dec taking lead contract Fri, pace of roll should start tapering off today after huge jump Tuesday. Q2 GDP revised up to +4.2% SAAR vs +4.1%...

28/08/2018

Market Update US tsys moving lower, 10Y 2.86 (+1.5bps), curve steepening, heavy volume in TY futures on roll (960k), weaker after stronger Wholesale inventories/Trade Balance data. ‘Risk on’ as the Turkish Lira pares losses, USD weakening, US equity futures higher,...

24/08/2018

Market Update Tsys trading close to unch, in narrow overnite range, 10Y 2.83%, on above avg volume (~390k TY futures), thou the Sep/Dec roll accounting for much of the vol.  Core EGBs weaker, with Italian BTPs weaker despite news Trump offered to buy Italian bonds...