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US EURODLR FUTURES

Post-LIBOR Settle Update: 3M Benchmark Inching Higher

LIBOR

US FIX - 23/01/23

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Cable drifts to session low

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EGBs-GILTS CASH CLOSE: Constructive Pre-PMI Session

BONDS

Bunds and Gilts advanced modestly Tuesday for the 2nd consecutive session in light trade.

  • Bank of Lithuania Pres Simkus told MNI that the ECB "definitely need a 50bps hike" at the December meeting, but asked "do we need 75bps?", calling it premature to make that judgment.
  • Eurozone Nov consumer confidence was weak but slightly beat expectations.
  • GGBs outperformed - while it wasn't a market-mover, they were underpinned by the EU's finding that Greece has done enough to qualify for the final disbursement of debt relief.
  • Attention turns to flash PMI data Wednesday morning.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

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Bunds and Gilts advanced modestly Tuesday for the 2nd consecutive session in light trade.

  • Bank of Lithuania Pres Simkus told MNI that the ECB "definitely need a 50bps hike" at the December meeting, but asked "do we need 75bps?", calling it premature to make that judgment.
  • Eurozone Nov consumer confidence was weak but slightly beat expectations.
  • GGBs outperformed - while it wasn't a market-mover, they were underpinned by the EU's finding that Greece has done enough to qualify for the final disbursement of debt relief.
  • Attention turns to flash PMI data Wednesday morning.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

Keep reading...Show less