by admin | Oct 30, 2017 | comments
Market Update Tsys little changed , 10Y 2.40%, on heavy volume in TY futures (>400k). Busy week ahead with FOMC decision Wednesday and Oct payrolls Friday. The next Fed chair is also expected to have announced this week. Payrolls are forecast to have risen 300k...
by admin | Oct 27, 2017 | comments
News headlines The Race for a Major Tax Overhaul Is On. Here’s One Big Obstacle (Bloomberg) The House narrowly adopted a budget resolution, but a lingering obstacle to overhauling the U.S. tax code re-emerged: whether or how to limit a federal tax break that benefits...
by admin | Oct 26, 2017 | comments
Market Update US tsys mixed with longer maturities slightly higher, curve flatter, 10Y 2.424%, lagging the rally in bunds after the ECB unveiled its QE plan which met expectations for a nine-month extension and reduction in purchases to E30bln/mnth. According to a...
by admin | Oct 25, 2017 | comments
Market Update US tsy yields another 2.5-4bps higher after solid US durable goods orders, US 10Y 2.47% (+3bps), heavy volume in TY futures (520k), pressured by weaker EGBs, stronger US Sep Durable Goods new highs in USDJPY, equities weaker (S&P fut -3.5). Core Euro...
by admin | Oct 24, 2017 | comments
Market Update Tsys down sharply in early NA trade on heavy volume, falling with bunds on stronger Euro PMIs & earnings (GM, MCD), US 10Y above 2.40% (2.41%, +4bps) for the first time since May. Bunds (10Y 0.477% +5bps) also heavy ahead of Thursday’s ECB meeting...
by admin | Oct 23, 2017 | comments
Market Update Risk on trade in mkts has tsys on the backfoot, more than reversing yesterday’s rally with the 10Y 2.355 (+3.5bps) after the US senate passed the budget vote paving the way for tax reform. S&P futures +4.75, crude lower as US inventories rose and...
