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Govies off their highs..

CROSS ASSET
  • Fairly subdued session in terms of Volumes, albeit still decent ranges in Govies.
  • US, Germany, UK curves, although flat, are still leaning bull steeper, on the margin, just short of yesterday's highs in 5/30s.
  • Looking at FX, low turnovers as we await the FOMC later.

FX turnover vs 5 day averages:

  • EUR 17%
  • GBP 24%
  • JPY 17%
  • AUD 32%
  • CAD 17%
  • CHF 23%
  • NZD 26%
  • NOK 7%
  • SEK 23%

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