Fed Fund spreads
U.S. teds, May look to buy some fva vs m5ED...But small and tight for Bernank.
US Curve
Tuesday 16 July 2013
16/07/2013 U.S. open (no nothing to do with Golf or Tennis)
16/07/2013 U.S. open (no nothing to do with Golf or Tennis)
Zew worse than expected 36.3 versus expected 40. Still above historic average of ~24. Following on from yesterdays poor U.S. data. Had the same effect on the market, stopping the down move and drifting back to mid range. CPIs not worth a mention, UK lower than expected...still hi tho.
No real drive above to search out new hi makes me think we're all waiting for Bernank tomorrow and Thursday. With no action in the longer end I have no real feel on the short end.
Fed Fund spreads
ED
ten year vs bunds
Fed Fund spreads
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