by admin | Aug 23, 2019 | comments
Market Update US tsys reversing course, rising sharply on news China will impose retaliatory tariffs on $75bln of US goods, 25% tariffs on autos from Dec 15th, US 10Y 1.61%. Fed Bullard sounding dovish, noting the inverted yield curve signals the Fed should be...
by admin | Aug 22, 2019 | comments
Market Update US tsys close to overnight lows , prices extending losses in recent trade on hawkish comments from Fed’s Esther George saying the Fed is not ready to provide more accommodation, while easing further creates more risk – US 10Y 1.62% (+3bps). Equities...
by admin | Aug 21, 2019 | comments
Market Update US tsys lower, yields 2-3bps higher, curve slightly steeper 2s10s , 10Y 1.585%(+2.7bps), moderate volume in TY futures (350k). US equity futures higher (+0.70%) with European stocks (Stoxx +1.3%), crude higher for 4th day 56.95 (+1.5%). Germany’s...
by admin | Aug 20, 2019 | comments
Market Update Tsys higher on moderate volume (TY 375k) , long end outperforming, 10Y 1.57 (-3.6bps). US equity futures flat, crude unch @ 56.00. Home Depot +2.5% pre-mkt on optimistic outlook for consumer spending & housing. Limited data in the US with focus...
by admin | Aug 19, 2019 | comments
Market Update US tsys off the lows as equities give up some earlier gains (S&P +1%, +4% from Thursday’s low 2818), 10Y 1.60% (+4bps). Tsys steady then under pressure in Europe, steepening with German bunds – bund curve 12bps steeper since Thursday. Euro area CPI...
by admin | Aug 16, 2019 | comments
Market Update US tsys drifting lower since the late afternoon spike yest, which saw the 10Y yield fall to the lowest since August 2016 below 1.50%, currently 1.525% (unch), volume in TY futures closer to avg (383k). EGBs mixed 10Y bund yield new lows @ -0.73%,...
