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CREDIT UPDATE: € Credit Open

CREDIT UPDATE

US Treasuries had a strong 7yr Auction -2.2bps though WI. The 10yr is back down to 4.58%.

  • Bund futures remain close to the lows of 23rd Dec.
  • Bearish trend in Bunds is intact and futures also point to slight widening in OATs.
  • Weak JPY overnight contributed to a 1.8% rally in the Nikkei
  • Moves in Stoxx50/SPX futures are muted with +0.35%/-0.27%
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US Treasuries had a strong 7yr Auction -2.2bps though WI. The 10yr is back down to 4.58%.

  • Bund futures remain close to the lows of 23rd Dec.
  • Bearish trend in Bunds is intact and futures also point to slight widening in OATs.
  • Weak JPY overnight contributed to a 1.8% rally in the Nikkei
  • Moves in Stoxx50/SPX futures are muted with +0.35%/-0.27%