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EUROZONE ISSUANCE

EGB Supply W/C 7 November, 2022

EUROZONE T-BILL ISSUANCE

W/C 7 November, 2022

BTP TECHS

(Z2) Finds Support

USDJPY TECHS

Support At The 50-Day EMA Remains Exposed

EUROSTOXX50 TECHS

(Z2) Outlook Remains Bullish

EURGBP TECHS

Clears First Resistance

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Flattening Extends Further

JGBS

The early bull flattening pressure has extended through the Tokyo morning, with 40s now running 9bp richer on the day, as the impetus from Wednesday’s BoE-driven moves in core global FI markets is felt.

  • 10s are still little changed, hovering just below the upper boundary permitted under the BoJ’s YCC
  • Futures hugged a narrow range during the morning, hitting the lunch bell +43, consolidating the overnight rally.
  • There hasn’t been much in the way of meaningful domestic news flow, outside of continued speculation surrounding potential forms of support for households re: energy prices and schemes to generate inbound tourism for Japan.
  • 2-Year JGB supply headlines domestic matters this afternoon (there will be more on that in our upcoming auction preview).
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The early bull flattening pressure has extended through the Tokyo morning, with 40s now running 9bp richer on the day, as the impetus from Wednesday’s BoE-driven moves in core global FI markets is felt.

  • 10s are still little changed, hovering just below the upper boundary permitted under the BoJ’s YCC
  • Futures hugged a narrow range during the morning, hitting the lunch bell +43, consolidating the overnight rally.
  • There hasn’t been much in the way of meaningful domestic news flow, outside of continued speculation surrounding potential forms of support for households re: energy prices and schemes to generate inbound tourism for Japan.
  • 2-Year JGB supply headlines domestic matters this afternoon (there will be more on that in our upcoming auction preview).