Trial now
BOE APF PURCHASES

GBP1.147bln of short-dated gilts with offer-to-cover of 2.93x

SOY TECHS

(F2) Continues To Climb

EQUITY TECHS

E-MINI S&P (Z1): Bearish Focus

US EURODLR OPTIONS

Put Buyers Persist

CORN TECHS

(H2) Still Looking For Gains

EGB SUMMARY
EGB SUMMARY: The Bund contract opened 31 cents higher responding to the SAFE
rebuttal of yesterday's Bloomberg story that China would slow or stop Treasury
market buying. Movement beyond that correction at the open has been fairly
limited and the 10Y Bund yield is 1.7bp lower at 0.525%, with a stronger move in
the 30Y sector of the curve as the market bull flattens.
- Within the EGB space the French, Belgian and Portuguese markets have outpaced
others and the Spanish market is lagging for a second day as Catalan politics
continues to weigh. 
- Already, EIB has opened books on a new 30Y EARN deal, with guidance in the
MS+1bp area. No doubt, this deal was encouraged by the exceptionally strong
demand for the Italian, EFSF and Portuguese syndicated deals yesterday.
- The final supply of the week is provided by a small Italian affair in 3Y and
7Y BTP today. 
- At 1230 GMT, the ECB will publish the account of the December monetary policy
meeting. This is not seen to be a large market mover although clues will be
sought to discover the possible split between CSPP and APP programme.