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MONTH END

CROSS ASSET

Small update higher for Bloomberg Govies
Bloomberg Bonds:

  • US Tsys; +0.11yr (ok, decent)
  • EU Govies: +0.08yr (average)
  • UK Govies: +0.05yr (small)

MS Bonds:

  • US Tsys: +0.11yr (ok, decent)
  • EU Govies +0.09yr (ok)
  • UK Govies: +0.01yr (tiny, non event)

EQUITIES:

  • JPM Equities rebalancing: They estimate the potential of Equity buying rebalancing at the end of May.
FX:
  • BARCAP: Strong USD buying against all majors.
  • CITI: Moderate USD buying vs all major currencies.
  • MS: USD should strengthen versus most currencies in the G10, except against GBP, JPY, and NOK this month-end.

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