(Bloomberg 11/4/15) " -Treasury Two-Year Yields Set Four-Year High as Bets on Fed Climb - Probability of Fed rate increase next month climbs to 58%
- Yellen says December meeting is `live' if data support move
- Treasuries fell, pushing two-year yields to the highest since 2011, as Federal Reserve Chair Janet Yellen said she sees the economy as performing well, stoking speculation the central bank will raise its benchmark interest rate next month.

In testimony to U.S. lawmakers in Washington on Wednesday, Yellen said a December rate move would be a "live possibility" as long as data support an increase. Fed officials last month raised the prospect that the Fed’s first increase since 2006 would come in December."

(Bloomberg 10/30/15) "The yen rose, cementing its status as this week’s best-performing Group-of-10 currency, after the Bank of Japan refrained from adding to monetary stimulus and pushed back the time-frame for reaching its inflation target. The yen advanced 0.6 percent to 120.36 per dollar as of 7:20 a.m. New York time, on track for a 0.9 percent gain this week, its biggest since early September...

Japanese stocks rose, with the Topix index
capping its best monthly gain in more than two years, as
investors looked past a Bank of Japan decision to refrain from
adding to monetary easing and focused on earnings and a report
that the government is considering extra fiscal stimulus."

(Bloomberg 10/28/15) "Treasuries fell as Federal Reserve policy makers said the economy is still expanding at a “moderate” pace as they left interest rates unchanged, giving themselves the option to tighten policy at their next meeting in December.

Two-year note yields reached a one-month high. The Fed also removed a line from September’s statement saying that global economic and financial developments “may restrain economic activity somewhat,” saying Wednesday only that the central bank is monitoring the international situation.

U.S. 2-year note yields rose nine basis points, or 0.09 percentage point, to 0.72 percent as of 2:11 p.m. in New York, according to Bloomberg Bond Trader data."

(FT 10/23/15) "European equities are enjoying another buoyant day on the back of today's rate cut from the People's Bank of China and yesterday's European Central Bank meeting, which paved the way for further monetary stimulus as early as December.

The PBoC just cut its reserve requirement ratio by 0.5 percentage points, and the one-year deposit and lending rates by 0.25 percentage points, writes Joel Lewin.

Germany's Dax leapt another 1.2 per cent on the news, and is now up 3.2 per cent on the day. The index has risen 14.6 per cent since it hit an eight-month low at the end of September.

The FTSE 100 climbed another 0.6 per cent after China's rate cut was announced and is now up 1.7 per cent today.

The French CAC 40 also jumped another 1 per cent and is now up 2.9 per cent on the day, having risen for six out of the last sessions."

(Bloomberg 11/9/15) "Spanish bonds slid for a fourth day, set for the longest losing streak in eight weeks, as Catalonia’s parliament passed a motion declaring the start of independence, a move that the Spanish Prime Minister Mariano Rajoy will block via a lawsuit before the Constitutional Court."

(Bloomberg 9/21/15) "Treasuries Fall Amid Risk-Asset Gains, Hawkish Fed Comments
10Y yield was 8.2bps higher in late trading, erasing Friday’s decline to lowest closing levels since Sept. 7
2Y yield, whose 13.1bp drop Thursday from YTD high 0.811% to 0.679% was biggest since March 2009, was 3.3bps higher at 0.710% in late trading"

Dennis Lockhart, a FOMC voter, said he’s confident rate liftoff will occur this year as markets settle down, echoing comments over weekend by John Williams, James Bullard and Jeffrey Lacker.

(FT 9/9/15) "There has been some remarkable action in Asia. Australia’s S&P/ASX 200 rose 2.1 per cent, South Korea’s Kospi added 3 per cent and Hong Kong’s Hang Seng is bouncing 3.8 per cent as the region followed the lead from Wall Street’s overnight rally.But these moves pale against the 7.7 per cent advance for Tokyo’s Nikkei 225, its biggest gain since October 2008.China, Late on Tuesday evening, following grim trade data, China’s Ministry of Finance posted an article on its website stating it would carry out “stronger proactive fiscal policy” to counter headwinds to economic growth.Worries about slowing Chinese business activity have been an important cause of recent market volatility, so the prospect of Beijing doing more to support the world’s second-biggest economy is calming nerves. The Shanghai Composite rose 2.3 per cent."

(Bloomberg 8/25/15) "European stocks jump to session high, erasing most of Monday’s losses, credit spreads tighten and bund futures tumble to session lows after China cuts interest rates, reserve requirement ratios.
USD/JPY rises to 119.98 Stoxx 600 rises 14.79 to 356.80; fell 19.27 yday Sept. bund future falls as much as 141 ticks to 154.27 German 10Y yield +10bps to 0.69%, US 10Y yield +8bps to 2.08% iTraxx Main index -4bps to 74, iTraxx Crossover index -20bps to 345 WTI futures +$1.38 to $39.68/bbl"

(Bloomberg 8/27/15) -- "China’s government intervened in the stock market on Thursday to end a $5 trillion rout, according to people familiar with the matter. China wants to stabilize equities before a Sept. 3 military parade celebrating the 70th anniversary of the victory over Japan during World War II, said the people. The Shanghai Composite Index swung from a loss of 0.7 percent to rally 5.3 percent in the last hour of trading, ending its steepest five-day rout since 1996."

(Bloomberg 8/13/15) "The yuan’s tumble eased as China’s central bank signaled support for the currency, calming investors after a shock devaluation on Tuesday rattled global markets.The PBOC said in a rare press conference that there’s no basis for depreciation to persist and policy makers will step in to control large fluctuations."

(Bloomberg 8/13/15) "Panic subsided in global markets as China’s central bank eased concern that the yuan was headed for a disorderly devaluation.
Shares in emerging markets rebounded from the lowest level since 2011 and European stocks halted the biggest two-day slide this year. Bonds and gold slipped as demand for haven assets dropped while the dollar strengthened amid increased bets the Federal Reserve will raise interest rates as soon as next month. Though China’s currency weakened for a third day, the pace of declines slowed."

(WSJ 7/10/15) "Shorter-dated U.S. government bonds extended their price losses Friday after Federal Reserve Chairwoman Janet Yellen signaled the central bank is on track to raise short-term interest rates later this year.
The yield on the two-year Treasury note climbed to 0.649%, compared with 0.621% before Ms. Yellen spoke and 0.585% on Thursday, according to Tradeweb. Yields rise as prices fall.
The yield on the benchmark 10-year Treasury note was 2.403% compared with 2.377% right before the Fed chairwoman’s speech and 2.301% Thursday."

(Bloomberg 7/10/15) "Global markets signaled growing faith in Greece’s ability to clinch a bailout, as U.S. and European stocks climbed and the euro jumped the most in more than two years against the yen.
The Standard & Poor’s 500 Index climbed 1.2 percent at 12:37 p.m. and the Stoxx Europe 600 Index capped its biggest two-day gain since 2011."

(Bloomberg 6/26/15) "In a week where hopes of a deal on Greek finances have been raised and dashed repeatedly, Spanish and Italian bondholders have kept faith that an agreement will be reached.
As negotiations between Greece and its creditors continued, Spain’s 10-year securities headed for their biggest weekly gain in four months, and benchmark German bunds extended declines. Spanish bonds erased an earlier drop Friday as a European Union official said Greece’s creditors had proposed a five-month extension to the country’s aid program, and 15.5 billion euros ($17.4 billion) of disbursements, in negotiations to unlock funds."

(Bloomberg 5/26/15) "German government bonds rose the most in a week as investors sought safer assets amid concern that the rise of anti-austerity parties in the euro area would deepen political turmoil across the region. In Greece, the epicenter of Europe’s sovereign-debt crisis, sliding bond prices pushed two-year note yields above 25 percent."

(Bloomberg 5/26/15) "Treasury 30-year bonds rose the most in more than a week as investors sought a refuge amid plunging stocks and as talks between Greece and its creditors foundered."

(FT 5/11/15) "Greek stocks recovered from their lows of the day but remained sharply lower, as eurozone finance ministers once again try to reach a deal that would hand cash to the government in Athens this month.

Ministers are meeting in Brussels with the government of Greek prime minster Alexis Tsipras needing to make a payment of €750m to the International Monetary Fund on Tuesday.

Greek stocks were down 2.6 per cent at 817.05 in late afternoon trading, while yields on its three-year bond were up 15 basis points at 20.1 per cent."

(Bloomberg 4/28/15) "Greece’s government bonds rose, pushing prices on two-year notes to the highest in more than a month, as the country resumed efforts to break a deadlock with creditors amid evidence that voters want the government to compromise. The gains pushed down yields on the notes due in 2017 toward the lowest in a month."

(Bloomberg 4/29/15) "'Brussels Group' of Greek finance ministry officials, representatives of creditor institutions will convene Thursday morning to discuss progress of Greek bailout talks."

(Bloomberg 4/22/15) "Spanish and Italian bonds rose, reducing the yield premium over their German counterparts, after Greece’s Finance Minister Yanis Varoufakis fueled optimism that the nation and its creditors are narrowing their differences. Spain’s 10-year yield dropped by the most this month. Greek bonds rose, pushing the three- and 10-year yields down from the highest levels since 2012."

(Bloomberg 4/23/15) "The euro strengthened the most in one week against the dollar on speculation that Greece and its creditors will reach a deal to receive aid payments before the country runs out of money."

(Bloomberg 4/18/15) "Greece’s government bonds had their worst week since the aftermath of Syriza’s January election victory as the nation failed to make tangible headway in its efforts to secure funding and avoid a default.
The yield on 10-year Greek debt climbed to the highest since December 2012 as the clock ticked down toward almost 1 billion euros ($1.1 billion) of payments due next month."

(WSJ 4/15/15) "Bank of Japan Governor Haruhiko Kuroda said that the country’s underlying inflation trend is steadily improving, that inflation expectations are rising and that corporate wage- and price-setting behavior is changing."

(Bloomberg 4/15/15) "Yen drops 0.2% to 119.58 per dollar, set to snap three days of gains"

(Bloomberg 4/30/15) "Asian stocks dropped the most since January after the Bank of Japan refrained from boosting stimulus and as the Federal Reserve downplayed weak U.S. economic growth and kept raising interest rates on the table for later this year."