while we slept (‘Earls big bull flag’); in money shorts booking some profits; "Still too early to own duration" -Kolanovic; what of the US consumer?
thebondbeat.substack.com
Good morning … Here is a snapshot of UST rates, prices and moves as of 642a … And HERE is what another shop says be behind the price action, you know, WHILE YOU SLEPT Treasuries are lower and the curve steeper after Australia's RBA opened to door to earlier rate hikes while the UK and EU services sector PMIs scored beats in March. DXY is modestly lower (-0.1%) while front WTI futures (see attachments) are modestly higher (+0.5%). Asian stocks that were open (China holiday) were little changed, EU and UK share markets are mixed/lower while ES futures are showing -0.25% at 6:15am. Our overnight US rates flows were 'uneventful' with a bias to sell the long-end from Asian real$ noted by our colleagues.
while we slept (‘Earls big bull flag’); in money shorts booking some profits; "Still too early to own duration" -Kolanovic; what of the US consumer?
while we slept (‘Earls big bull flag’); in…
while we slept (‘Earls big bull flag’); in money shorts booking some profits; "Still too early to own duration" -Kolanovic; what of the US consumer?
Good morning … Here is a snapshot of UST rates, prices and moves as of 642a … And HERE is what another shop says be behind the price action, you know, WHILE YOU SLEPT Treasuries are lower and the curve steeper after Australia's RBA opened to door to earlier rate hikes while the UK and EU services sector PMIs scored beats in March. DXY is modestly lower (-0.1%) while front WTI futures (see attachments) are modestly higher (+0.5%). Asian stocks that were open (China holiday) were little changed, EU and UK share markets are mixed/lower while ES futures are showing -0.25% at 6:15am. Our overnight US rates flows were 'uneventful' with a bias to sell the long-end from Asian real$ noted by our colleagues.