Bonds and Equities -
Core bonds largely treading water which is quite positive trade so far given the strong ends to last week. PMIs within expectations (final euro manufacturing PMI unrevised overall), albeit with a slightly firmer than consensus bounce in the UK version to 53 from 52.7 helping shorter dates underperform a bit on the day (GB-DE 5s +3.5bp). Overall though gilts still holding up solidly, especially at the long end, after the bullish breakout higher into month end
Club Med start the week on a firmer note, if slightly off the opening highs, with very flush cash flow (almost EUR60bn of coupon+redemption split between the two) a helpful factor this week. BTP future around +40 ticks.
Equities are generally modestly ahead.
Read more at Click here / www.trade4x.net
Core bonds largely treading water which is quite positive trade so far given the strong ends to last week. PMIs within expectations (final euro manufacturing PMI unrevised overall), albeit with a slightly firmer than consensus bounce in the UK version to 53 from 52.7 helping shorter dates underperform a bit on the day (GB-DE 5s +3.5bp). Overall though gilts still holding up solidly, especially at the long end, after the bullish breakout higher into month end
Club Med start the week on a firmer note, if slightly off the opening highs, with very flush cash flow (almost EUR60bn of coupon+redemption split between the two) a helpful factor this week. BTP future around +40 ticks.
Equities are generally modestly ahead.
Read more at Click here / www.trade4x.net
No comments:
Post a Comment