Tag Archives: USTB
FI Eye-Opener: Huge week ahead
The week starts with good news from China, as the official PMI rose to 50.8 in May (from 50.4 in April). The report showed a braod-based recovery in manufacturing activity.
FI Eye-Opener: Bonds still in demand for a while
Core bonds continued to rally hard on Wednesday, and the rally initially continued yesterday, before yields rebounded. The US 10-year yield touched 2.40% yesterday, before rebounding to around 2.47% currently.
FI Eye-Opener: Equity markets continue to party
Core bond yields initially climbed higher yesterday, but more dovish ECB comments and violence in Ukraine coupled with rumours that Russian forces would have crossed the border spurred demand for bonds again.
FI Eye-Opener: Post-election rally in the periphery
Longer German bond yields edged slightly higher yesterday and the curve steepened, but trading volumes were very subdued due to the US and UK holidays.
FI Eye-Opener: A blow to further EU/Euro-zone integration
Core yields saw somewhat mixed performance on Friday. German yields edged slightly higher, and intra-Euro-zone spreads narrowed, while US yields fell ahead of all the uncertainty ahead over the weekend.
Weekly CFTC Trader Positioning Data
FX volatility is low and positioning is relatively light, even in carrytrades that typically thrive in low vol environments. Most positionsare close to flat, and even large positions,
FI Eye-Opener: It’s all about politics, at least today
German Bund yield inched slightly lower to 1.36% on Thursday, as the weak French PMI’s reminded that the Euro area economy is not out of the woods yet.
FI Eye-Opener: Something good
Government bond yields rose on Wednesday as the Fed minutes failed to turn the yields that crept higher. US 10-year yield rose to 2.54%. German counterparts rose slightly to 1.38%.
FI EYE-OPENER: Spreads widen more
The Bundesbank warns carry-chasers Spread widening continues for e.g. Italien govies The EURUSD FX is in a wait-and-see position This afternoon, minutes from FOMC and Yellen speaks Bank of Japan refrains from adding even more stimulus
FI Eye-Opener: Italian and Spanish bonds facing stormy weather for a change
Bond yields edged further up on both sides of the Atlantic yesterday, though the short end yields actually fell a bit and curves thus steepened. Trading volumes were not particularly large.
FI Eye-Opener: Political uncertainty to keep yields depressed
After three days of huge bond rallies, yields finally found some support on Friday. The German 10-year yield rebounded by around 2bp, while the corresponding move in the US was some 3bp.
US Yields Drop Sparks Risk Aversion: Something Is At Work?
The sharp drop in longer-term U.S. Treasury yields, seen in recent sessions and again Thursday, has sparked risk aversion in other asset classes, with the dollar tumbling versus most majors, and commodity and stock prices falling.