Trial now
BONDS

Gilts/Bund spread tightest since 11/02

EGB SYNDICATION

Italy 7Y CCTeu Priced, E6bln Size

US TSY OPTIONS

5Y Vol Buyer, 10Y Put Ongoing

STIR FUTURES

BLOCK, 3M SOFR Strip

EURO-YEN
EURO-YEN: Currently trades at Y132.44 at the upper side of the Y132.10 to
Y132.46 range seen so far today, where with the lack of any clear drivers
consolidation has been the theme. Resistance lies at Y132.52 (38.2% fib on
yesterday's Y133.24 to Y132.08 decline), a break to expose Y132.66 (50% fib on
the same move), while support is found at Y132.10/08 (Asia's & Nov27 lows).
Further range trading seems likely ahead of the European open and release of
French & German consumer confidence data.