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GERMANY

Barclays on German politics

OPTIONS

Expiries for Jul30 NY cut 1000ET (Source DTCC)

OUTLOOK

ECI, PCE, Chicago PMI, Fed-Speak Resumes

UK T-BILL AUCTION RESULTS

DMO sells GBP3bln 1/3/6-month UKTBs

UK T-BILL AUCTION RESULTS

DMO sells GBP3bln 1/3/6-month UKTBs

TURKISH LIRA
USDTRY look to test yesterday's low. Post the surprised 200bps hike from the CBRT yesterday.
  • This morning, broad base USD small-ish buying is going through, as Equity futures gets hit on the European Govie open.
  • Turkey Eases Banks' FX Swap Limits With Non-Resident Investors (bloomberg), has once again helped the TRY "short term", with many market participants still concerned about the long term picture.
  • Yesterday's low in USDTRY is situated at 7.5572
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