The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* To reassure all our clients, OMF will remain open during this shutdown period
– we are deemed an essential service
– staff will be available and are either working from Head Office or based at home
* Fed announces unlimited quantitative easing including direct support to businesses
– includes buying investment grade Primary and Secondary Corporate bonds…. didn’t during GFC
– 10yr US Treasuries -8bps/0.74%
* Equities swing around overnight but…