With CEO Annie Seelaus
Global equities were mixed overnight, the UST long bond is up this morning at 2.872% with the 10yr flat at 2.217%, oil is higher at $ 58.41/bbl, and municipals are slightly stronger for the third straight day.
Global equities were mixed overnight, with European stocks falling amid concern that Greece will not receive more aid before its loan payment that is due next week. U.S. stock futures are also slightly lower this morning on this concern.
Global equities were generally higher overnight despite the fact that Greece will likely miss a deadline for a deal with creditors by the end of the week. Last week Merkel and Hollande set the end of May as the target by which to reach a deal.
U.S. stock futures are lower this morning as the market reopens after the holiday. Oil is opening at $59.34/bbl, credit spreads are tighter on the open with the Investment Grade Index at 63.75, and municipals are stronger after a quiet Friday.
Municipals are slightly stronger this morning after rallying yesterday. Attention was on the secondary for the first time this week with the majority of new issuance wrapped up. We continue to see strong demand in the front end.
Global equities were mixed overnight and UST yields opened lower across the curve with the 10yr last at 2.236%. Credit spreads are unchanged to start after closing +1-3bps wider yesterday, oil is up, and munis are weaker.
US stock futures are relatively unchanged, with equities near all-time highs, as investors await minutes from the Fed’s April meeting. Markets seem to be focusing on Janet Yellen's speech this Friday for possible clues of an upcoming rate hike.
Equities advanced overnight, Treasuries are rallying this morning, credit is opening tighter with the IG Index -5/8 62 3/8-62 7/8, oil is down $0.42 at $59.10/bbl, and municipals are stronger after yesterday's sell off.
Equities were mixed overnight. Chinese stocks fell and shares rose in Japan to a near 3-week high. UST yields are generally higher across the curve this morning with the 10yr at 2.172% last. Credit spreads are unchanged and munis are weaker.
Stocks rose in Europe and Asia while bonds gained, stabilizing after a debt-market sell off that erased more than $400bln of value in three weeks. The dollar pared a fifth weekly decline and Treasuries rose after yesterday's data.
Stocks, Bonds & Beyond
With Founder and Chairman Rich Seelaus