by admin | Sep 19, 2019 | comments
Market Update US tsys higher, yields ~3bps lower, 10Y 1.77% , above avg volume in TY futures (435k), tsy prices retracing part of post FOMC losses which saw the 10Y surge 10bps to 1.82%. Bunds paring losses, the OECD cut its outlook for global growth to 2.9% from...
by admin | Sep 18, 2019 | comments
Market Update US tsys higher, yields 2-3bps lower, 10Y 1.77% , avg volume in TY futures (305k). Trading subdued before FOMC rate decision at 2:00PM – 25bp cut expected, update on balance sheet and ‘dot plot’ forecast. The Fed will buy up to $75bln in tsys this morning...
by admin | Sep 17, 2019 | comments
Market Update US tsys higher, yields 2-4bps lower, bull flattener led by the 10Y 1.81% (-4bps), above avg volume in TY futures (435k). S&P futures slightly lower (-3.5), crude -1.5%. Aug IP/Cap Utilization, FOMC decision tomorrow. The latest...
by admin | Sep 16, 2019 | comments
Market Update US tsys higher on FTQ after this weekend’s developments in the middle east, 10Y 1.835% (-6bps), heavy volume in TY futures (565k). Brent crude +11% , 66.70 after surging to $72 in reaction to strike on Saudi refining facility responsible for 5% of global...
by admin | Sep 13, 2019 | comments
Market Update US tsy yields 2-4bps higher, 10Y 1.83 (+5bps) after strong Aug Retail Sales (0.4% vs 0.2%), TY futures at new lows for the month, prices having almost completely retraced the Aug-Sep rally. Tsy yield curve continuing steeper with 3M10Y +3bps at 15bp...
by admin | Sep 12, 2019 | comments
Market Update ECB – cuts deposit rate 10bps, strengthens forward guidance and link it to inflation, QE 20B/month, starting in Nov – open-ended and linked to the date of liftoff, which is tied to inflation. First take is more hawkish on the rate cut but...
