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MONTH END

CROSS ASSET
  • MONTH END EXTENSION: Watch UK. Bloomberg still only has projected extensions, which could suggest that the updated ones are unchanged
Bloomberg Bonds (projected):
  • US Tsys: +0.08yr (average)
  • EU Govies: +0.08yr (average)
  • UK Govies: +0.20yr (HUGE)

MS Govies:

  • US Tsys: +0.06yr (small)
  • EU Govies: +0.07yr (small, average)
  • UK Govies: +0.21yr (HUGE)

Citi Equities:

  • On asset rebalancing, their model signals selling of equities and buying of bonds. Outflows from US equity markets make up most of the need.

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