Financials: Sept. Bonds are currently unchanged at 154’23, 10 Yr. Notes fractionally higher at 126’11.5 and 5 Yr. Notes unchanged at 118’11.2. Saber rattling by N. Korea and return rhetoric by President Trump sent traders to the safety of treasuries over the last 48 hours. Add lowered expectations of less than 2% expected inflation rate […]

Financials: Sept. Bonds are currently 15 lower at 152’22, 10 Yr. Notes 5.5 lower at 125’27 and 5 Yr. Notes 3.7 lower at 118’02.5. The Fed has left rates unchanged as expected after yesterday’s FOMC meeting. Of note is the intention to start trimming the Fed Balance Sheet (inventory of mortgage-backed securities, Bonds, Notes etc.) […]

Financials: Sept. Bonds are currently 4 higher at 152’29, 10 Yr. Notes 1.5 higher at 125’18 and the 5 Yr. Note 0.5 lower at 117’27.5. Testimony by Fed Chairwoman Yellen yesterday indicated that the Fed would take a moderate to soft path when it comes to raising rates and trimming the Fed’s balance sheet by […]

Financials: Sept. Bonds are currently 1’02 lower atb153’30, 10 Yr. Notes 13.5 lower at 125’25 and 5 Yr. Notes 6.25 lower 117’31.75. This morning’s GDP number of +1.4% was slightly above expectations of +1.2% nudging the interest rate vehicles a few ticks to the upside from overnight lows. During the last week the yield curve […]

Financials: Sep. Bonds are currently 4 lower at 155’16, 10 Yr. Notes 4 lower at 126’25 and 5 Yr. Notes 2.5 lower at 118’12.5. Yesterday the Fed raised rates by 25 basis points as expected. Bonds and notes rallied sharply earlier in the session due to disappointing Retail Sales and Consumer Price data which were […]

Financials: Sep. Bonds are currently 11 lower at 154’05, 10 Yr. Notes 5.5 lower at 126’11.5 and the 5 Yr. Notes 3 lower at 118’09. During the last week the market gave the opportunity to go short the 10 Yr. Notes in the 126’20 area (making a high at 126’28). The market is still giving […]