by admin | Aug 8, 2016 | comments
Market Update US tsys opening slightly lower in follow thru to Friday’s strong July non-farm payrolls, with the US 10Y 1.59 (unch) and the curve slightly steeper out to ten yrs. European stocks higher led by banks, which are higher for the fourth straight day, the...
by admin | Aug 5, 2016 | comments
Market Update US tsys lower after July payrolls surprised to the upside rising 255k vs 188k exp with both May & June revised higher and AHE up 0.3% vs 0.2% exp. Volumes in tsy futures light overnight, flows saw sellers of 5s from foreign CB and Japanese life ins...
by admin | Aug 4, 2016 | comments
Market Update US tsys are trading higher with the long end outperforming following the BOE monetary stimulus – a 25bp rate cut and QE of 70bln consisting of 60bln in gilts & 10bln in corporate bonds. UK gilts are 6- 12 bps lower in yield with the curve 5bps...
by admin | Aug 3, 2016 | comments
Market Update US tsys slightly higher on avg volume in TY1 futs, curve flatter & US 10Y 1.55% (-1bp)- tsys barely reacting to better than expected ADP (179k vs 170k). Euro equities slightly higher, giving up earlier gains after yest saw the Euro Stoxx down 2.0%...
by admin | Aug 2, 2016 | comments
Market Update US tsys lower, curve bear steepening as longs underperform, US 10Y 1.56 (+3.4bps), despite another weak session for European equities (-1.5%) with and the Nikkei -1.5%. The RBA cut rates to a record low 0.50%.Main focus overnite was continued rout in...
by admin | Jul 29, 2016 | comments
Market Update US tsys rebounding from o/n losses after Q2 GDP came in way below expectations 1.2% vs 2.5% exp with Q1 revised lower as well, US 10Y 1.51 (+1bps). GDP shortfall mainly an inventory story as inventories subtracted 1.2% while final sales were 2.4% vs 1.2%...
