Investors continue to sell-off risk assets and seek safe-havens such as U.S. Treasuries, Japanese Government Bonds (JGB), and Gold. In China, nearly a third (⅓) of the total confirmed COVID-19 patients have now left the hospitals and the number of…
Market Snapshot Yields opening higher in the belly and long-end of the curve, after a tumultuous week in equities trading that carried through to negative gamma hedging in interest rates pushing corporate hedging costs higher. While rates are pushing higher…
Market Snapshot Mixed market sentiment as the technology-heavy NASDAQ index continues to push higher with futures pointing to nearly a 1% increase at the open while the S&P 500 is nearly unchanged and the Dow Jones is down nearly 0.50%…
Market Snapshot Risk is skewed towards the upside this morning, ahead of the inauguration of President-elect Joe Biden, and as of Q4 2020 U.S. corporate earnings are kicked into high gear. Former Fed Chair and incoming U.S. Secretary Treasury Janet…
Market Snapshot RISK-OFF sentiment. Despite Congressional leaders agreeing over the weekend on a $900 billion pandemic aid package on top of $1.4 trillion funding for government operations, U.S. equity futures and Treasury yields are trading lower this morning, as of…
Market Snapshot The USD interest rate swap curve has the front end increasing slightly by 4/10ths this morning while 10-years are 2.8bps lower to 0.951%. The curve has continued to steepen over the past few weeks, on inflation growth expectations,…
Market Snapshot U.S. Treasury yields are opening nearly 1bp higher on the final trading day of November while equity futures point to a lower open after the Trump administration announced plans to add China’s SMIC, a semiconductor manufacturer, and energy…
Market Snapshot Market participants are preparing for a shortened trading week due to the Thanksgiving Holiday on Thursday and an early close on Friday. Market sentiment opening RISK-ON as another Monday of positive vaccine announcements are made with the latest…
Market Snapshot Volatility continues this morning as the 10-year U.S. Treasury yield continues to flip between gains overnight during Asia trading hours to opening lower during Europe trading hours – though stabilizing and moving 10bps higher near the New York…
