EQUITIES: Attention on the US Open
Aug-01 13:27
Some attention on the US Cash Open, futures have seen big falls in earlier trade. * Fair value open...
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EQUITIES: US Cash Opening Calls
Jul-02 13:27
SPX: 6,200.8 (+0.0%); DJIA: 44,503 (+0.0%/+8pts); NDX: 22,464.1 (-0.1%).
BUNDS: Falling through fresh Lows
Jul-02 13:26
- The German Bund is back at session low, pure Technical sees the next support at 129.67 76.4% retracement of the May 14 - Jun 13 bull leg.
- But as just previously mentioned, before that, the next upside target in Yield is at 2.671% = 129.79.
GILTS: 5s Extends Recent Outperfromance On 2-/5-/10-YEar Fly
Jul-02 13:21
5s extend on their late June run of outperformance on the 2-/5-/10-Year fly, given the curve steepening driven by questions surrounding the future of Chancellor Reeves.
- The structure is set to close below -45bp for the first time this year, with the next level of downside interest located at the Mar ’24 closing low (-46.9bp).
Fig. 1: UK 2-/5-/10-Year Gilt Butterfly (bp)
Source: MNI 0 Market News/Bloomberg Finance L.P.
