Free Trial

Keep an eye on Euribor

BUNDS
  • Bund is totally unchanged since the cash open, but getting a few questions on the early Euribor weakness, especially ahead of the ECB which was expected to be a non event, with the December meeting mostly in focus.
  • It looks like the Euribor strip, has so far been dragged lower by the US short end, but difficult to see a clear catalyst, but keep a close eye.
  • Once again no real market moving data of note for today, with US data starting tomorrow (GDP).
  • SUPPLIES: Early focus will be on supply, with Germany selling EU2bn of 15yr (Equates to ~7k Buxl), and out of the US, $61bn 5yr and $28bn FRN, but floating rate won't impact Treasuries

Chart source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.