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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

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Germany, the Netherlands, France, Spain, Belgium the ESM and Greece are all due to hold bill auctions next week. We estimate E25.2bn (from E25.8bln initially) will be raised through first round operations, up from E18.1bln last week.
  • Germany was the first to issue on Monday morning with E6bln of bubills on offer: E3bln of each of the 3-month Aug 25, 2021 bubill and the 9-month Feb 23, 2022 bubill. E5.793bn was allotted.
  • Also Monday morning, the Netherlands sold a combined E2.9bn of the Aug 30, 2021 DTC and the new Oct 28, 2021 DTC.
  • On Monday afternoon France sold E6.59bn of BTFs (13w/20w/50w)
  • Spain came to the market on Tuesday morning and sold E6.15bn of 6- and 12-month letras
  • Also Tuesday morning, Belgium sold a combined E1.6bn of the Sep 9, 2021 TC and the Nov 11, 2021 TC.
  • The ESM then sold E1.5bln of new 3-month Aug 5, 2021 bills.
  • Greece will round off issuance for the week on Wednesday with E625mln of the new 13-week Aug 6, 2021 GTB on offer.

For details of upcoming T-bill auctions seethe MNI Eurozone/UK T-bill auction calendar here.:
https://marketnews.com/data/calendar/europeanuk-government-t-bill-auction-calendar/