by admin | Feb 10, 2017 | comments, Uncategorized
Market Update Rates trading weaker, lower half of modest overnight range. Relative quiet with ongoing risk-on mood after US President Trump promised new tax measures Thursday. US Treasuries prices open NY weaker after overnight two-way flows. Trump/Japanese PM Abe...
by admin | Feb 9, 2017 | comments, Uncategorized
Market Update US tsys lower, curve steeper 10Y 2.352% (+3.2bps) reversing most of Wed rally on light volume in TY futures. A large bearish bet in Eurodollar options betting on a more aggressive Fed next year , four rate hikes by June 18. European yields higher, 10y...
by admin | Feb 8, 2017 | comments, Uncategorized
Market Update Us tsys higher, yields 2-3bps lower led by the 7Y , picking up on strength in EGBs. Core Europeanbonds aharply higher, flatter , German 10Y 0.30% at one month low. Stop loss buying in binds, dovish comments from ECB Weidmann who said ECB was in no rush...
by admin | Feb 7, 2017 | comments, Uncategorized
Market Update US tsys reversing earlier gains, trading near the lows, US 10Y 2.43 (+2.4bps), pre auction shorts going into 1PM $24bln 3Y auction. European govt bonds mixed, bunds lower despite very weak Dec Ind Prod (-3.0% vs 0.3% exp). Gilts lower, disappointing...
by admin | Feb 6, 2017 | comments, Uncategorized
Market Update US tsys higher, accelerating higher in early NA trade with EGBS, tsy yields 2-4bps lower led by the 10Y @ 2.42 (-4.1bps). Tsys outperforming European govt bonds despite concerns over article 50 debate, widening in EU peripherals, with bund-BTP touching...
by admin | Feb 3, 2017 | comments, Uncategorized
Market Update US tsys shooting higher after stronger headline employment (227k vs 180k) yet weaker AHE with downward revision, , 10Y 2.45% (-3bps). Quiet overnight session with mkts awaiting payrolls, Reaction in tsys was muted in Asia despite the PBOC tightening...
