Interest rates review: Westpac
Mar 11, 2015 19:35 pm UTC| Commentary
US: US 10yr treasury yields slightly extended a multi-day decline to 2.10% but the 2yr yield bounced off 0.67% to 0.71%, flattening the curve by 3bp. A 10yr auction went well, with foreign investors again notable (up to...
Mar 11, 2015 18:38 pm UTC| Commentary
China industrial production (IP) growth decelerated further by another 1.1pp to 6.8% yoy in Jan-Feb (Con. 7.7%; SG 7.6%), the slowest pace since the outbreak of the Great Recession.Nominal retail sales growth also headed...
US crude oil stocks continue to rise, but gasoline inventories leveling off
Mar 11, 2015 18:30 pm UTC| Commentary
Sources - EIA, Thomson DatastreamThe EIAs weekly US Petroleum Report, released earlier today, shows that stocks of oil rose again last week. And, rather repetitively now, this is the seventh consecutive week that oil...
Mar 11, 2015 18:17 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Wednesday: Since peaking on Feb-03 at 55.05 (basis CLJ5) WTI has fallen into a month long range. That range has been characterized by persistent lower highs. This makes the range...
ESH5 pullback has reached the downside support zone
Mar 11, 2015 18:15 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Wednesday: The ESH5 pullback has reached the downside support zone between 2062.50 (old Jan highs) and 2036.50 (Feb-09 low), with the CASH Index reaching the 100d at...
US 5yr yields set to resume higher
Mar 11, 2015 18:11 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Wednesday: We remain bearish US Treasuries and short TYM5. Turning to 5yr yields, we look for a near term base from 1.572%/1.561% (6wk trendline resistance and the 21d), from...
Mar 11, 2015 18:05 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Wednesday: We remain bullish USD/CAD for 1.3035 and eventually beyond. Pullbacks should be limited to 1.2566 (pivot since Mar-02 and old Triangle resistance, now support). It...
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