Trial now
CNH

Trade Data Due Over The Weekend

RBA

No Curve Balls From Lowe To Start

RBA

Link To RBA Governor Lowe's Testimony

JGBS

Futures Little Changed Overnight

SGD

Social Distancing Measures To Be Reviewed

It took a while but the EGB market......>

EGB SUMMARY
EGB SUMMARY: It took a while but the EGB market has woken up in the past few
minutes. The German yield curve is registering a 1.5bp decline in the 10Y yield
and there is a small bull curve flattening.
- French debt is underperforming and Italian BTPs are outperforming but
movements are small, so far.
- Overnight saw the yen lose some of its gain from yesterday but there has not
been a strong risk trade at all.
- Overnight, the US 7Y note auction stopped 1.1bp through the WI yield in what
was a very strong auction. 
- It is the last day of the month and quarter and so there is attention on how
crazy the repo market might become and the month-end extensions. For EGBs the
Bloomberg-Barclays Euro Agg Tsy index is projected to extend by 0.06Y, similar
to last Sept/Oct but larger than the 12 month average of 0.03Y. The US Tsy index
rises 0.07 and Gilts by 0.08Y.
- Talking points include the Catalonia referendum but there is no obvious impact
upon Spanish debt today.