21/11/2016

Market Update US tsys trading higher, yields 1-4 bps lower, curve flatter, US 10Y 2.32 (-4bps).  Tsys saw buying in Asian hours then tapering off in Europe as German bunds declined on higher oil – speculation of a deal at the next OPEC meeting in Vienna. Fed Fischer...

18/11/2016

Market Update US tsys higher, yields 2-3bps lower with the 10Y 2.283 (-2bps) at the lower end of the o/n range. Early Asian trade saw follow thru selling from Thurs, 10s hit 2.34% new high before rebounding in Europe with bunds. Bunds recovering from earlier weakness,...

17/11/2016

Market Update US tsys moving lower & flatter inearly NA trade after Yellen said rate hike is appropriate ‘relatively soon’ in text speech before JEC later this morning. Cash US 10Y now above 2.25% after CPI & jobless claims which fell 19k to 235k the lwoest in...

16/11/2016

Market Update US tsys lower, off the lows of the  wide overnight range after weaker than exp PPI (0.0% vs 0.3%, core -0.2% vs 0.2%), TY futures heavy volume 646k. US 10Y 2.273%, Fed fund futures now pricing in 96% odds of a rate hike in Dec, with the USD index at new...

15/11/2016

Market Update US tsys trading higher,yields 2-5 bps lower with the long end outperforming in a reversal of post-election steepening. US 10Y 2.21% (-5bps) , 3bps off the lows of 2.18% set in European trading.  European fixed income also higher, bund/gilt curves...

14/11/2016

Market Update US  tsys trading much lower, the slide continuing for a 4th day following Trump’s election. The current 10Y at 2.24% is 9bps higher on the day & ~55bps higher since Wed morning. The USD surging to an 11-month high, core Euro bonds lagging the selloff...