by admin | Dec 7, 2016 | comments
Market Update Tsys trading at top of narrow overnite range, Us 10Y -0.025bps 2.365%, curve flatter with the 2Y lagging. Core European bonds higher, UK gilts outperforming as UK ind production fell 1.3% vs 0.2% exp, the largest monthly decline in eight months. ECB...
by admin | Dec 6, 2016 | comments
Market Update US tsys reversing earlier gains after Q3 unit labor costs rose 0.7% vs 0.3% exp, yields ~1bp lower out to 7yrs, unch in longs, 10Y 2.39%. Narrow range in TY futures on below avg volume. Core euro bonds underperforming, 10Y bund yield 1.5bps higher @...
by admin | Dec 5, 2016 | comments
Market Update US tsys lower, reversing earlier gains with German bunds after the ‘no’ vote prevailed as expected in Italy’s referendum. US equity futures, higher along with European equities, a decline in the euro to twenty month lows helping exporters. Gold getting...
by admin | Dec 2, 2016 | comments
Market Update Tsys higher, rising after non farm payrolls came up short of estimates (178k vs 180k) with Oct revised lower, US 10Y 2.40%(-4bps). Tsys higher in Asia on position squaring before employment data as well as Italy referendum this weekend. European rising...
by admin | Dec 1, 2016 | comments
Market Update Tsys lower, curve 2bps steeper with the 10Y above 2.40% for the first time since July 2015 as crude rises over $50 after OPEC decided to cut production yest, its first cut in eight years. Tsys pressured since Asia trading, brief reprieve ~4:00AM. German...
by admin | Nov 30, 2016 | comments
Market Update Tsys sharply lower, yields 5-6bps higher, 10Y 2.36% weighed by soaring oil on news of OPEC agreement on cut in production by 1.2mln b/d to 32.5mln, this was less than the 1.4mln b/d expected. US data mixed: ADP employment stronger, 216k vs 170k exp, thou...
