POWER: EdF Extends Works at Heysham Reactor

May-07 15:40

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EdF has extended planned works at the 660MW Heysham nuclear reactor by one day until 11 May 10:00 GM...

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GBP: GBP/USD Extends Weakness, Opening Lower Phase in the Pair

Apr-07 15:33

GBP/USD plumbs a new session low as the WMR fix window concludes, with the price remaining weak on the seemingly clean break below both the 200-dma of 1.2813 and the 50-dma of 1.2732 today.

  • 1.2654 is the key level to watch on sustained weakness. This level marks the 50% retracement for the recovery off 1.2100 and the YTD low - but we'd likely need a sustained phase of dollar strength for the next leg here - although we do note that the case for GBP underperformance through tariff volatility - which is continuing to play out here.
  • Today's spot weakness means the pair has drifted through the most sizeable optionality interest for tomorrow's cut ($1.2785-10(Gbp590mln))

FED: US TSY 13W BILL AUCTION: HIGH 4.175%(ALLOT 70.48%)

Apr-07 15:32
  • US TSY 13W BILL AUCTION: HIGH 4.175%(ALLOT 70.48%)
  • US TSY 13W BILL AUCTION: DEALERS TAKE 29.33% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: DIRECTS TAKE 4.57% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: INDIRECTS TAKE 66.10% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: BID/CVR 2.82

FED: US TSY 26W BILL AUCTION: HIGH 4.000%(ALLOT 63.84%)

Apr-07 15:32
  • US TSY 26W BILL AUCTION: HIGH 4.000%(ALLOT 63.84%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 23.88% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 4.19% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 71.93% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 2.79