POUND CONTINUING POSITIVE RISE IN VALUE AS MOMENTUM is implying a no-deal Brexit will be
averted. The pound is up 7 percent against the
dollar year to date, making it the world’s best performing major currency. “Nomura’s positioning metrics indicate that net short pound
positions have declined to near their lowest levels this year, with a
net short of less than $3 billion.” With spreads on the pound narrowing and liquidity
elevating, we could see the pound go
higher in the upcoming weeks. The
UK 10 year Government Bond
yield
rose one basis point.
FTSE 100 -0.73%,
STOXX Europe 600 -0.94%,
CAC 40 -0.74%,
German DAX -0.67%.
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Topics:
Analytics,
bonds,
bond market,
market analytics,
research,
EU,
market update,
European
U.S. TREASURY YIELDS PLUMMETED upon the European Central Bank announcing a shift in economic policy holding rates steady and slashing its GDP forecast. Jobless claims slightly declined last week by 3.000 jobs for a seasonally adjusted 223,000 jobs. The 10-year U.S. Treasury note dipped 5 basis points and the 30-year note sank 4 basis points. S&P -0.81%, Dow -0.78%, NASDAQ -1.13%
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Topics:
Investment Grade,
Analytics,
bonds,
bond market,
market analytics,
Fixed Income,
research,
market update
U.S. TREASURY YIELDS PLUMMETED
upon the European Central Bank announcing a
shift in
economic policy
holding rates steady and
slashing its GDP forecast.
Jobless claims slightly declined last week by 3.000 jobs for a seasonally adjusted 223,000 jobs. The
10-year U.S. Treasury note dipped 5 basis points and the
30-year note
sank 4 basis points.
S&P
-0.81%,
Dow
-0.78%,
NASDAQ
-1.13%
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Topics:
High Yield,
Analytics,
bonds,
bond market,
market analytics,
research,
market update
EUROPEAN CENTRAL BANK CHOPS EUROZONE GDP GROWTH FORECAST
for 2019 after several
weak economic data reports. The GDP estimate has been
revised down to 1.1 percent from 1.7
percent, in addition, the ECB plans to
postpone any rate hikes
until the end of the year.
UK treasury yields plunge upon the announcement, The
UK 10-year Gilt
sank 6 basis points and the
30-year gilt dipped 5.1 basis points.
FTSE 100 -0.68%,
STOXX Europe 600 -
0.56%,
CAC 40 -0.48%,
German DAX -0.73%
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Topics:
Analytics,
bonds,
bond market,
market analytics,
research,
EU,
market update,
European
TREASURY YIELDS SANK as investors scaled back risk fleeing to safe-haven assets on Wednesday. ADP released weak private-sector employment numbers for February, companies added 183,000 jobs compared to estimates of 189,000 jobs slowing to a three-month low. Investors will keep a keen eye on the Labor Department’s official report to be released on Friday. The 10-year U.S. Treasury note dipped 3.4 basis points. S&P -0.66%, Dow -0.51%, NASDAQ -0.92%
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Topics:
Investment Grade,
Analytics,
bonds,
bond market,
market analytics,
research,
market update
TREASURY YIELDS SANK as investors scaled back risk
fleeing to safe-haven assets
on Wednesday. ADP released
weak
private-sector employment numbers
for February, companies added 183,000 jobs compared to estimates of 189,000 jobs
slowing to a three-month low. Investors will keep a
keen eye
on the Labor Department’s official report to be released on Friday. The
10-year U.S. Treasury note dipped 3.4 basis points.
S&P
-0.66%,
Dow
-0.51%,
NASDAQ
-0.92%
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Topics:
High Yield,
Analytics,
bonds,
bond market,
market analytics,
research,
market update
THE UNITED KINGDOM ACHIEVED A BROAD agreement on
import tariffs
in the event the nation leaves the European Union without a finalized deal. Britain is
“planning to slash tariffs on 80-90 percent of goods if left with no deal” benefiting consumers but having a
detrimental impact on the factories ability to remain competitive. Without a
definitive agreement on March
29th
, all exports from Britain will face
EU tariffs. The
UK 10 year Gilt
dipped 5.6 basis points.
FTSE 100 +0.06%,
STOXX Europe 600 -
0.06%,
CAC 40 -0.16%,
German DAX -0.31%
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Topics:
Analytics,
market analytics,
research,
EU,
market update,
European
MILD RISK-ON SENTIMENT PREVAILS as junk bonds edged out investment-grade debt in prices linked to actual trades. Boston Fed president Eric Rosengren, the Feds hawkish president conceded his stance on raising rates Tuesday morning echoing Chairman Jerome Powell’s words of “patience”. Rosengren known to be bullish stated, “With less ebullience in financial markets and no immediate signs of inflationary pressures, patiently watching to see how the economy develops is the appropriate policy for now.” The 10-year U.S. Treasury note settled up 0.4 basis points. S&P -0.11%, Dow -0.05%, NASDAQ -0.02%
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Topics:
Investment Grade,
Analytics,
bonds,
bond market,
market analytics,
research,
market update
MILD RISK-ON SENTIMENT PREVAILS as junk bonds edged out investment-grade debt in prices linked to actual trades.
Boston Fed president Eric Rosengren, the Feds
hawkish
president
conceded his stance on raising rates
Tuesday morning
echoing Chairman Jerome Powell’s
words of “patience”. Rosengren known to be
bullish
stated,
“With less ebullience in financial markets and no immediate signs of inflationary pressures, patiently watching to see how the economy develops is the appropriate policy for now.” The
10-year U.S. Treasury note settled up 0.4 basis points.
S&P
-0.11%,
Dow
-0.05%,
NASDAQ
-0.02%
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Topics:
High Yield,
Analytics,
bonds,
bond market,
market analytics,
research,
market update
EQUITIES TUMBLE AS INVESTORS BECOME SKEPTICAL on initial reports that the U.S. and China are nearing a landmark deal. Negotiations are nearing an agreement which will cause the U.S. to reduce tariffs on $200 billion of Chinese goods. As part of the deal, China is expected to accelerate purchases on U.S. goods and the U.S. desires the ability to re-initiate tariffs if talks on intellectual property fall apart. The 10-year U.S. Treasury note lost 2.6 basis points. S&P -0.39%, Dow -0.79%, NASDAQ -0.23%
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Topics:
Investment Grade,
bond market,
research,
market update
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