The BoE Q4 Financial Stability Report stated that households and business have remained resilient to challenging conditions "so far", but risks remain as higher interest rates continue to pass-through the system.
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Previous | 3.757% |
Avg yield | 3.780% |
Previous date | Oct 09, 2023 |
Previous | 1.29x |
Bid-to-cover | 1.48x |
Buba cover | 1.97x |
Previous | 1.69x |
Type | 6-month bubill |
Allotted | E1.506bln |
Previous | E1.525bln |
Total sold | E2bln |
Target | E2bln |
Maturity | May 15, 2024 |
EGBs sit softer this morning as the NFP-induced rally from Friday largely unwinds. Services PMI's and the Euro Sentix survey this morning did not attract any meaningful reaction. Bund futures are down -0.57 today at 129.97 with 10y Bund yields up 6.0bp at 2.703% and the 2s10s curve 2.5bp steeper at -28.7bp. OATs sit similarly, with futures down -0.58 today at 124.52 and the 2s10s curve 3.0bp steeper at -85bps.