by admin | Jun 9, 2019 | comments, Uncategorized
Market Update Tsy & GOC yields 2-4bps higher before US & Cdn employment data, US 1.595% (+3.5bps), S&P futures +13, crude 55.45 (-1.5%). China injected $126bln into the economy by lowering the amount of reserves banks are required to hold, hoping...
by admin | Jun 7, 2019 | comments
Market Update US tsys slightly higher before May Payrolls (175k exp, 3.6% unemp rate), 10Y 2.11%, low volume in Ty futures overnite (257k). Core Euro bond mixed, gilts lower while bunds slightly higher in the long end – ECB rate guidance to leave...
by admin | Jun 6, 2019 | comments
Market Update US tsys higher, 10Y 2.105% (-3bps), tsy curve 2bps flatter. The ECB left rates unch at 0.25%, saying it expects to leave rates unchanged through 2020 in order to deal with low inflation, German bunds lower and flatter on the news with the 2Y -0.67%...
by admin | Jun 5, 2019 | comments
Market Update US tsys rallying after weak ADP (27k vs 185k exp), short end leading the rally with the 2Y 6bps lower @ 1.82%, breaking below Monday’s low with the 10Y 2.08%. US equity futures coming off after the data, S&P +6 (from +15 pre data). GOCs ...
by admin | Jun 4, 2019 | comments
Market Update US tsys under pressure, yields 4-7bps higher led by the short end, tsy 2s30s 3bps flatter on heavy volume in TY futures (~600k). Big day for Fedspeak with Chair Powell speaking at 10:00ET as well as Brainard and Williams. US equity futures higher...
by admin | May 31, 2019 | comments
Market Update Risk-off rally in tsys resumes after President Trump’s latest move to impose tariffs on Mexico, heavy volume in TY futures (925k), 10Y 2.16% (-4bps), rate cut prob 92%, with three rate cuts priced in over the next year based on FF futures. ...
