Trial now
USDCAD TECHS

Pullback Considered Corrective

EUROZONE ISSUANCE

EGB Supply For W/C Sep 20, 2021: Upcoming

AUDUSD TECHS

Holding Above Recent Lows

EUROZONE ISSUANCE

EGB Supply For W/C Sep 20, 2021: Recap

EGBS
EGBS: EGBs have opened modestly higher despite the rise in commodity prices
overnight with yields falling between 1bp to 2bp as US Treasuries squeezed
higher after EU session closed yesterday. German 10-yr Bund yield is 1.9bp lower
at 0.617%.
- There is a raft of EGB supply today mainly concentrated in the short-end,
starting with Italy CTZ and linker issuance for up to E3.25bln, while Germany
taps its 2-yr Schatz for E4bln and Finland re-opens its 10-yr bond for E1bln.
- Data also eyed today and following a tough softer than expected French
manufacturing sentiment index, German IFO is released at 0900BST and provide
further indication of whether activity in the largest economy in the Eurozone is
picking up or remaining sluggish.
- EMU periphery are also slightly better bid, but lagging its core friends with
Bund/PGB 10-yr spread 1bp wider, adding to smalls gains seen yesterday
afternoon.