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Key Support Remains Exposed


Pullback Extends, But Still Looks Corrective in Nature


FED Remains in Play Post-NFP/ISM Data

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W/C 31 October, 2022


Germany, the Netherlands, France, Belgium, Greece and the ESM are due to sell bills next week. We look for an estimated E17.1bln in first round operations, down from E18.2bln this week.

  • Germany will kick off issuance for the week on Monday, with E3bln of each of the 5-month Mar 22, 2023 bubill and the 11-month Sep 20, 2023 bubill on offer.

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