by admin | Aug 6, 2019 | comments
Market Update US tsys lower, 10Y yields retracing ~4bps of yesterday’s massive 13bp rally on China trade friction (China declared a currency manipulator for the first time since 1994), 10Y 1.75% from low 1.67% overnite, focus on US/China with PBOC saying the...
by admin | Aug 2, 2019 | comments
Market Update US tsys continuing higher after Trump’s new round of China tariffs, and China’s pledge to retaliate, the US 10Y 1.86% (-3.5bps), lowest since Nov 2016. Long term bunds at new low yields with the 10Y bund -0.50% and the 30Y at zero for the first...
by admin | Aug 1, 2019 | comments
Market Update US tsys lower but recouping most of o/n losses, US10Y 2.02% (+1bp), strong volume in TY futures (460k). Belly of tsy curve leading slight losses after FOMC decision to lower Fed Funds 25bps without clear signal of further cuts to follow. UK going against...
by admin | Jul 11, 2019 | comments
Market Update US tsys mixed, curve continuing post Powell steepening with short end yields another ~1bp lower, 10Y unch @ 2.06%, moderate volume in TY futures (300k). June CPI (0.1%) and Powell testimony key events, as well as $16bln 30Y auction. Core Euro bonds...
by admin | Jul 10, 2019 | comments
Market Update US tsys trading higher, reversing losses after Powell testimony released pointing to July rate cut after opening after steep declines in European bonds, 10Y 2.05% (-1.5bps). Bunds & gilts paring losses on after better than expected France &...
by admin | Jul 9, 2019 | comments
Market Update US tsys trading lower, 10Y 2.055% (+1bp), on heavier volume in TY futures (450k), despite weaker equities (S&P -10). Fed chair Powell to speak on ‘stress tests’ before key testimony tomorrow. Core EGBs mixed, gilts outperforming, focus on the...
