Author: cuong nguyen

Fixed income markets initially came under pressure given the rise in energy prices (Brent +3.2%); however, fixed income has reversed off its earlier lows, despite a clear driver. USTs -1+ ticks at 108-19 is just shy of last week’s low of 108-17 with a pretty tight 108-18 to 108-23+ range, while SFRZ6 is unchanged at […]

Tesla’s upcoming earnings report presents an opportunity for options traders, as the stock is known for making large price moves following earnings announcements. With the broader market still awaiting direction from the Federal Reserve on interest rates, volatility is expected to remain elevated, making it important to have a well-defined trading strategy. For bullish investors, […]

Fixed Income markets trade range-bound, in line with energy prices, despite the risk-on tone seen across the equity space. Equities seem to enjoy the reporting around a possible 10-day ceasefire, with recent reporting hinting that the US is demanding a longer ceasefire. USTs +1 tick at 108-26+ having been in a 108-26+ to 109-00 range […]

Global fixed income markets are softening, and oil prices have pared their initial jumps as investors digest Esmail Baghaei’s remarks that Tehran remains open to negotiations with the U.S. This slight cooling in geopolitical risk premiums follows a weekend escalation that saw two U.S. service members killed in Jordan and one in Iraq, prompting a […]

Good morning and happy friday, Fixed income markets are firmer across the board, finding some haven flows as equities print deep selloffs as the fears of an overheated tech market continue and the additional turmoil in Iran after bombing continues for a 6th consecutive day and that we are taking aim at civilian infrastructure. USTs […]

Fixed income markets initially fell at the open, as energy prices rose and a re-escalation of US-Iran tensions, but have come off worst levels. Over the weekend, US forces struck 140 Iranian military targets on Saturday and took further action on Sunday, while Iran attacked US bases in the Gulf and announced that the Strait […]

Good morning and happy Friday, Overall, fixed income markets are firmer in reaction to the modest but increasing pullback seen in the energy space overnight and as JGBs lead on domestic updates. USTs currently trading 109-09 and got to a 109-12 peak(with a low of 109-04+) in the early morning, as energy hit a low […]

A firmer start to the day for fixed income, after a relatively rangebound APAC session on account of the lack of energy follow-through to the tit-for-tat strikes by the US and Iran overnight, with the narrative potentially being that the strikes are no more of an escalation than what we saw on Tuesday night. Overnight, […]

Fixed income markets started on the backfoot, as benchmarks gradually moved lower as energy continued to move higher overnight given the US revoked Iran’s oil waiver and then conducted strikes on 80 Iranian targets in retaliation to Iran targeting various cargo vessels on Tuesday, additional angst comes from Trump as he once again lashes out […]

Yields are lower across the curve, even with the BOJ raising rates, but with underperformance now in the belly of the curve, in contrast to short-end underperformance seen on Monday; nonetheless, the bull-steepening bias remains. The slight pressure in the belly is perhaps indicative of markets beginning to price in the economic impact of the […]