Wednesday 25 September 2013

25/09/2013

Good morning,
ECB members highlighting they have tools. Not specifically LTRO but it does remain a possibility so Euribor continues to keep pace with Eurex bonds on their FTQ bid as the fear of Italian downgrade hangs around. US tens did very little overnight so I don't expect the Eurex open to be far away from the lastnights close.
TY
 
Bund

All Eurex curve behaving as it should.....even Bobl has given up keeping pace with the bund.
€ curve
 
€ ted
German Consumer Confidence out this am, Italian BTP auction might be worth watching out for considering the downgrade rumours. U.S. Durable Goods and a 5 year auction this afternoon.
 
 
Good luck
Lee
 

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