by admin | Oct 20, 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...
by admin | Oct 19, 2017 | comments
Market Update US tsys higher on FTQ bid, heavy volume in TY1 futs (~450k) , US 10Y 3.312 (-3.4bps). S&P futs down -11.25 or 0.45% (the largest premkt decline since August 29th), gold rebounding slightly, crude down 1.25%. No reaction to stronger PHiliTsys rose...
by admin | Oct 18, 2017 | comments
Market Update Tsys lower, yields 2-3bps higher, 10Y 2.33% (+3bps), equities higher (S&P fut +3.25), gold down for a third day, crude recovering from yesterday’s midday slide (52.06 +0.35%) after API data showed a large drop of 7.13mln bbls in crude oil inventories...
by admin | Oct 17, 2017 | comments
Market Update Tsys lower with the 10Y 2.31% (+1bp), lagging the rally in core European bonds esp UK gilts after BOE Carney comments. Equities unch, gold lower for a second day, crude surged o/n to 52.37 on Iraq conflict. UK gilts higher, 10Y gilt 1.30% at mth...
by admin | Oct 16, 2017 | comments
Market Update US tsy & GOC mkts diverging this morning… US tsys lower, yields 2bps higher with the 10Y 2.29% (+2bps) after hawkish comments from Yellen over the weekend. Yellen said the economic drag from Hurricanes will be brief, soft inflation won’t persist....
by admin | Oct 13, 2017 | comments
Market Update US tsys rising sharply after Sep CPI/retail sales misses- particularly the latter with core CPI 0.1% vs 0.2% exp, retail sales were relatively firm, , US 10Y 2.33%, trailing the strong gains in core Euro bonds where longer term yields are 2-3bps lower....
