Tag Archives: USTB
FI Eye-Opener: Even the Bundesbank sees the need to ease furthe
Bonds rallied in earnest yesterday on both sides of the Atlantic on the back of disappointing US retail sales and reports that the Bundesbank would back more ECB easing.
FI Eye-Opener: No signs of any crisis in equity markets
Bond yields rose yesterday on both sides of the Atlantic, more so in the US than in the Euro zone. The US 10-year yield jumped by 4bp, while the German 10-year yield climbed a more subdued 1bp.
FI Eye-Opener: What would Draghi do?
Long bond yields moved cautiously with all eyes already on the ECB meeting. German 10-year Bund yield ended slightly higher after trying unsuccessfully to break over 1.5 % level.
FI Eye-Opener: More clarity about forward guidance?
Asian markets shrugged off disappointing US jobs report. 10-year Treasury yields up over the week, Bunds flat. “Some banks have no future”.
FX: surprise me not
With US data/speak front quiet, only EMU data can surprise this week – where to? Commodity currencies still under pressure, Chinese data, especially PMI on Thursday, is key…
Weekly Economic & Financial Commentary
U.S. Review: A Little Less Shine on the Data * The trade gap increased more than expected in September as exports slipped 0.2 percent and imports rose 1.2 percent.
Daily FX Wrap and Strategy
The NZD had the dubious honour of being the biggest ‘winner’ from Friday’s disappointing US employment report.
Daily FX Wrap and Strategy
The NZD was amongst the weakest performers overnight as risk aversion dominated markets. The NZD/USD sits at 0.7800 currently.
Weekly Macro Chart Pack
• AUDUSD is threatening a base. Even if completed though, strength will be seen as corrective.
Daily FX Update
USD WEAKENS INTO FOMC MINUTES & BERNANKE • USD is weak leading into the FOMC minutes (2pm EST) & Bernanke at 4:10pm EST)
USTB Analysis
US Treasuries open NY higher. In TOKYO treasuries rose in catchup after US holiday to Wed European “risk-off” trade after weak German services PMI. Prices gained from getgo, as buying occurred in longer-end Tsys.
USTB Analysis
Treasuries open NY higher after overnight gains. In TOKYO, Treasuries gained from the start after last Friday’s “risk-on” decline followed EU Summit plans, due to belated month-end buying by Japanese accounts as well on reaction to weaker than expected Chinese data, 48.2 June HSBC Mfrg PMI (weakest since Nov. 2011).