Trial now
EQUITY TECHS

E-MINI S&P (Z1): Back Below Its 50-Day EMA

US EURODLR OPTIONS

Large put fly

SOY TECHS

(X1) Bearish Risk Still Present

MNI EXCLUSIVE

Norges Bank Economist On Commodity FX And Climate Risk

Over the course of the morning, there...>

EGB SUMMARY
EGB SUMMARY: Over the course of the morning, there has been the smallest of
curve pivoting in Germany and very little net change in almost any of the major
debt markets.
- Yet, the net movement hides a fair weakening in the Bund in the early morning
and then a subsequent recovery.
- Economic data have shown little influence upon bond prices. European PMI
indices generally came on the weak side of expectations, although a look in the
details did show slightly firmer price pressures.
- Eurozone retail sales data for July hit consensus at 2.6%Y/Y, a slight
moderation from the prior month.
- Austria successfully sold 10Y and 20Y debt and there has been a 1bp tightening
in the Ger-Aus 10Y spread from early trading this morning.
- The UK 50Y Gilt is also being syndicated and has Stg21bln in orders.
- Currency markets have been quite eventful, with the euro dropping and
recovering quite suddenly and inexplicably.
- US markets return from Labor Day later and Brainard is to make a speech.