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USD

Worth keeping an eye on USD

BUNDS

Supplies and EU prelim GDP in focus

GILT AUCTION PREVIEW

#2: 1.25% Oct-41 auction

SILVER TECHS

Rally Extends

CHINA
CHINA: Chinese stocks are recovering yesterday's losses with the CSI300
targeting 3450 after successfully holding above key support at 3400 yesterday.
The HSI is up 0.5% on the day and is looking to break above the 28000 level to
extend the rally.
- In contrast, 2-year interest rate swaps trade 1.5bps lower on the day at
2.9450%, slipping below their 21-dma. 
- The 21-day rolling correlation between stocks and rates remains weak for now
but any further rise in stocks and decline in rates seems unlikely in the
absence of a sharp drop in US yields.