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Market Roundup: EGBs Weighing

US TSYS

Tsy extending session lows ahead midday amid exceptionally light volumes due to Columbus Day US bank holiday (full session for Globex, however) while holiday's in Japan, Korea, and Canada contributing to thin markets.

  • Latest pressure in Tsys on back of Bbg headline that "GERMANY BACKS JOINT EU DEBT FOR LOANS TO TACKLE ENERGY CRISIS". Pre-NY open selling after German Bunds 30Y syndication annc, followed by weaker Gilts partially tied impending end to BOE long gilt buy scheme on the 14th and extra GBP37bln of gilt issuance over 12 months due to the APF.
  • Comments from Chicago Fed President Evans at NABE bank conference not exceptionally market moving, more of the same regarding combating inflation while job market strength "may be waning."
  • Fed Evans interview on CNBC shortly (1045ET) while Fed VC Lael Brainard speech at NABE conference later at 1300ET.

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