Thursday, 01 August, 2019
TY going to be tough yards now through these levels with payrolls to come If you bght off the 50 DMA this morning, here is the exit door you are looking for have had a couple of looks through this level previously on these moves but we are getting right into the zone of hard work 23/27+ we will retain the 128c for tomorrow just in case {97} ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
Tuesday, 30 July, 2019
A very Livermore type assessment of price action here but with TY ticking bid AUD focused traders seem reticent to be buying YM at these levels with volumes diverging between the two contracts and curve flattening moves likely exaggerated if more TY strength is to follow. And why not with the markets pricing of OIS strip looking exhausted without the aid of a ghastly CPI print tomorrow. 51bps by May20 is as good a psychological […] Read More
Tuesday, 30 July, 2019
we going to be picking up some TY upside or long some TY vs RX on this move, could be a feeding frenzy post FED with the TY the only non performer over the last 10 sessions. we starting to look at TY/RX again here, towards 250bp, a “hawkish fed” nearly priced on that spread, and with global bond mkts outside of TY having the big rally, a defensive fed could see a feeding frenzy […] Read More
Monday, 29 July, 2019
Bloomberg / BARC Trsy +0.06 Agency +0.09y MBS +0.05y Aggregate +0.06y Pan Euro Agg +0.10y Eur Agg +0.09y Sterling Agg +0.19y Sterling Agg Trsy +0.30y Japan Agg +0.05y Japan Agg Trsy +0.03y ITC: Citi: EMU Government Bond Index (EGBI) We expect the EGBI to extend by 0.11 years at the end of July. This is larger than the 5yr median change and is significantly higher than the […] Read More
Tuesday, 30 July, 2019
EURIBOR: FRONTS: remain offered following on from last weeks flow with the ERH0 100.50^ sold 11.5 vs 100.54 24%d. Basis Point Vol since June’s spike has come in softer by the best part of 5.5-6 BP’s and I think will still come in a little more, although not back to its recent lows as the ECB keeps the market on tender hooks! REDS: Offered in early trade. Continued seller on OFF STRIKE straddles. […] Read More
Monday, 29 July, 2019
KEY EVENTS FOMC meeting (Wednesday) – US Economics Weekly 25bp cut this week and then again in September: Citi economists expect a 25bp cut this week, together with an early-end to balance sheet reduction. Recently stronger data and many Fed officials sitting on the fence regarding the need for more accommodation make a 50bp cut less likely. Following this cut, Citi expect one additional 25bp cut, most likely in September. Base-effects returning core PCE inflation […] Read More
Friday, 12 July, 2019
on that Industrial production beating estimates.. not that surprising. the f/c that were changed recently 10th July expected that number to be around +0.9 those f/c’s were revised after the big beat from France on the 10th … anyone who hasnt revised based on France has kept the survey low But the trend has been sell first ask questions later. ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
Friday, 05 July, 2019
Differences Surface Over Any Fresh ECB Easing The European Central Bank is unlikely to make any major decisions on the option to renew its asset purchase programme before September, while divisions are opening up between this and other potential easing steps including forward guidance, the deepening of negative rates and any associated tiering of the deposit rate, Eurosystem sources have indicated to MNI. Several sources raised the prospect of the Governing Council once again amending […] Read More
Tuesday, 02 July, 2019
(BFW) BOE’s Brexit Policy Response Won’t Be Automatic, Carney Says *CARNEY: BOE TO REASSESS BREXIT, TRADE RISKS IN AUGUST *CARNEY: MARKET IS GIVING MORE WEIGHT TO NO-DEAL BREXIT *CARNEY: IT’S `UNSURPRISING’ THAT MARKET SEES LOWER BANK RATE *CARNEY: BOE SEES NEED FOR RATE HIKES IF BREXIT IS SMOOTH *CARNEY: IF MATERIAL TRADE SHOCK, WOULD NEED FISCAL STIMULUS *CARNEY: BOE WOULD USE FLEXIBILITY TO HELP U.K. WITH TRANSITION *CARNEY: BOE RESPONSE TO NO-DEAL BREXIT NOT AUTOMATIC […] Read More
Friday, 28 June, 2019
AUSSIE VS US 10YR we are unwinding our short XM vs TY at current levels.. trade recommendation from 73 bp to sell XM vs TY in to 65.75 now XM have under performed 4.25bp since 8am london picked up 65.5 vs 29+ and 30 in TY ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
