EURCHF has printed lower lows for a fourth consecutive session as the corrective pullback off mid-August highs continues. Today’s US jobless claims data and Powell’s appearance at Jackson Hole on Friday (1000ET/1500BST) provide points of interest here - and more hawkish than expected outcomes could bring the prevailing trend of a weaker greenback / lower yields to a halt, which might yield some pushback on the recent CHF strength.
Find more articles and bullets on these widgets:
Gilts underperform Bunds across the curve this morning, as markets continue to assess the chances of the BoE holding rates at next Thursday’s meeting.
2.70% Sep-26 Schatz* | Previous | |
ISIN | DE000BU22064 | DE000BU22056 |
Total sold | E5bln | E4.5bln |
Allotted | E4.096bln | E3.646bln |
Avg yield | 2.73% | 2.80% |
Bid-to-offer | 1.61x | 1.93x |
Bid-to-cover | 1.97x | 2.39x |
Average Price | 99.925 | 100.174 |
Low acc. Price | 99.920 | 100.170 |
Pre-auction mid | 100.168 | |
Previous date | 25-Jun-24 |
Russian state media carrying comments from Foreign Ministry spox Maria Zakharova. Says that should the EU seize any tranche of Russian assets currently held frozen in European accounts or platforms, then 'the Russian Frederation will respond very harshly'.