EUR Market Wrap
- 2y/10y bunds closed -5bp/-4bp richer after Dovish comments from ECB’s Lane and Villeroy allowed EGBs to rally.
- €IG/€HY closed +1bp/+4bp with short-dated IG spreads underperforming by just over 1bp and all sectors wider with Energy the worst performer at +2bp. Fins are the only sector tighter WoW at -2bp vs. -1bp for the broader index.
- SXXP closed +0.3% with Energy and Utils +1% while Health lagged at flat. €IG movers included Worldline +7%, Alstom +6%, Vestas Wind +5%.
- Asian equities are broadly flat but mixed with CSI 300 -0.4% while Stoxx 50 futures are +0.2%. Up today:
GMT/Local |
Impact
Country
Event
0800/1000
**
EU
ECB Consumer Expectations Survey
1000/1100
**
UK
CBI Distributive Trades
1230/0830
*
CA
Industrial Product and Raw Material Price Index
1300/0900
**
US
S&P Case-Shiller Home Price Index
1300/0900
**
US
FHFA Home Price Index
1300/0900
**
US
FHFA Home Price Index
1300/0900
**
US
FHFA Quarterly Price Index
1300/0900
**
US
FHFA Quarterly Price Index
1355/0955
US
Minneapolis Fed's Neel Kashkari
1400/1000
***
US
Conference Board Consumer Confidence
1400/1000
*
US
US Treasury Auction Result for 26 Week Bill
1400/1000
*
US
US Treasury Auction Result for 13 Week Bill
1430/1030
**
US
Dallas Fed manufacturing survey
1530/1130
*
US
US Treasury Auction Result for 2 Year Note
1530/1130
*
US
US Treasury Auction Result for Cash Management Bill
1700/1300
*
US
US Treasury Auction Result for 5 Year Note
1700/1300
US
San Francisco Fed's Mary Daly
1705/1305
US
Fed Governor Lisa Cook