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Equities trade near session highs

CROSS ASSET
  • stoxx (VGU3) takes another leg higher, still short of Yesterday's high at 4370.00, helping keep the lid on the USD against the majors.
  • Govies remains more mixed in early trade, with Treasuries, BTP and Gilt outperforming German futures somewhat, keeping these spread tighter against the German 10yr.
  • Supply in the 10yr duration is the early focus, for the UK and Germany.
  • The German EU5bn 10yr equates 40.5k, should weigh into the bidding deadline.
  • The UK 10s Equates to 24k Gilt ("could weigh").

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