by admin | Jan 23, 2017 | comments, Uncategorized
Market Update US tsys opening higher, US 10Y 2.44% (-2bps), curve ~0.5bps steeper. Tsys bid in Asia after Trump inauguration & ensuing protest, thou the rally faded in Europe along with core EGBs. S&P futures off 0.17%, crude down 1.2% at 52.58, reversing...
by admin | Jan 20, 2017 | comments, Uncategorized
Market Update Tsys slightly lower, reversing most of the earlier losses which saw the 10Y touch 2.509% at 5:22am ET, now 2.47% (+0.5bps). Tsys weaker in Europe tracking core EGBs with l.t. bund yields 3bps higher, gilts yields higher despite very weak retail sales for...
by admin | Jan 19, 2017 | comments, Uncategorized
Market Update Tsys still on the back foot with the 10Y 2.44 (+1bp) after stronger eco data (housing starts +11.3%) and after Yellen yest afternoon said the economy is close to the dual mandate goals of full employment and stable inflation, hinting at the possibility...
by admin | Jan 18, 2017 | comments
Market Update US tsys lower, near lower end of range, yields 2-3.5 bps higher led by longs, with the 10Y 2.36%, prices steady after in line CPI. Stock futures slightly higher (S&P +0.177%), while European equities are mixed. TY futures sliding since Asian session...
by admin | Jan 18, 2017 | comments
Market Update US tsys sharply higher, yields 4-6 bps lower,10Y 2.34%, S&P futures down 0.39%, GBP surging 2.5% – the largest gain since 2008 after UK PM May confirmed the UK will quit the European single market in a ‘hard brexit’. Tsys off the highs after...
by admin | Jan 18, 2017 | comments
Market Update With the Martin Luther King holiday in the US, the Treasury market is really a by-stander in European trading. The volumes on the 10-year contract are running at around 60% of the averageof the past 10 days. There is no cash activity and while swap...
