22/06/2018

Market Update US tsys weaker, 10Y 2.91 (+1.5bps), light volume in TY futures (240k) risk-on with S&P futures +15, crude higher after OPEC deal to increase supply.  EGBs lower after EU Services PMI came in stronger than exp, also strong French & German PMIs. In...

21/06/2018

Market Update Tsys higher, yields 0.3-1.5bps lower led by the long end with the 10Y 2.93% , heavy volume in TY futures (465k), off the highs after BOE decision, spike in gilt yields. BOE left rates unchanged at 0.50% in a 6-3 vote as exp, yet decision seen as a...

20/06/2018

Market Update It has been a rather uneventful Asian and start to European trading session with US Treasuries currently trading mixed, curve touch flatter as 30-yr outperforms the rest of the curve, on mild return to risk-on sentiment. 10-yr treasury yield is unchanged...

19/06/2018

Market Update Tsys sharply higher in risk off, heavy volume in treasury futures ( 645k TY), US 10Y 2.88% (-3.5bps) lowest since June 1st. USD index firmer , DXY 95.26 (+0.51) , S&P futures -29 (-1.0%). China/US trade war intensified overnight with US announcing...

18/06/2018

Market Update Tsys higher on avg volume (257k), US10Y 2.905% (-1.5bps), escalation in US/China trade , USD index slightly lower, equities weaker (S&P fut -18).  German bunds bid on back of Merkel immigration crisis, while trade war also supporting EGBs, 10Y bund...

15/06/2018

Market Update Tsys rallying sharply on heavy volume (625k TY fut), 10Y 2.91 (-2.7bps), buffeted by news of US tariffs on $50bln in Chinese goods, and the concomitant announcement of Chinese retaliatory measures. Core EGBs also higher, outperforming tsys as Germany’s...