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CHF LIBOR FIX - 21-10-2021

All eyes on US election

MARKET TALK

Bund stays better offered since the cash opening bell, with the contract taking its cue from the elevated prices in Equities.

  • Risk on tone, a continuation from the Asian session, with stock there underpinned, as tech stock lead in the hope that a Biden win, will soften relations with Asia.
  • Desk also noted some short cover, as well as new initiated long
  • Not surprisingly volumes in Bunds and cross assets remains subdued, and ALL EYES on the US election with results due late tonight/tomorrow.
  • Suspect to see a pickup in volumes/turnovers, as vote counting hits.
  • Focus for Europe today, ECB Knot and Austria 2040 supply.
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com