LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Mar-23 06:18
Date Time Country Event
23-Mar 1500 EU Consumer Confidence Indicator (p)
23-Mar 1500 EU ECB Lane Panels Peterson Institute Conference
24-Mar 0800 ES PPI / GDP (f)
24-Mar 0815 FR S&P Global Services/Manufacturing PMI (p)
24-Mar 0830 DE S&P Global Services/Manufacturing PMI (p)
24-Mar 0900 EU S&P Global Services/Manufacturing PMI (p)
24-Mar 1400 BE BNB Business Sentiment
26-Mar 1500 EU ECB Schnabel in Discussion at Chicago Booth Conference
27-Mar 0900 DE IFO Business Climate Index
27-Mar 0900 EU M3
27-Mar 1440 EU ECB Elderson Keynote Speech
27-Mar 1600 EU ECB Schnabel in Conversation at Columbia University
28-Mar 0745 FR Manufacturing Sentiment
28-Mar 0900 IT ISTAT Business/Consumer Confidence
29-Mar 0700 DE GFK Consumer Climate
29-Mar 0745 FR Consumer Sentiment
29-Mar 2140 EU ECB Schnabel Panels NABE Conference

Historical bullets

LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Feb-21 06:18
Date Time Country Event
21-Feb 0745 FR Retail Sales
21-Feb 0815 FR S&P Global Services/Manufacturing PMI (p)
21-Feb 0830 DE S&P Global Services/Manufacturing PMI (p)
21-Feb 0900 EU S&P Global Services/Manufacturing PMI (p)
21-Feb 1000 DE ZEW Current Conditions / Expectations Index
22-Feb 0700 DE HICP (f)
22-Feb 0745 FR Manufacturing Sentiment
22-Feb 0900 IT HICP (f)
22-Feb 0900 DEIFO Business Climate Index
22-Feb 0900 DE Destatis Press Conference on Updated CPI Weights
22-Feb 1400 BE BNB Business Sentiment
23-Feb 1000 EUHICP (f)
24-Feb ---- EU ECB Lagarde & Panetta at G20 Finance Minister Meet
24-Feb 0700 DE GFK Consumer Climate / GDP (f)
24-Feb 0745 FR Consumer Sentiment
24-Feb 0800 ES PPI

BOJ: Upper End Of YCC Band Breached

Feb-21 06:10

Benchmark 10-Year JGB yields have made a limited showing through the upper end of the tolerance band permitted under the BoJ's YCC settings, expect unscheduled Rinban operations over the next 24 hours if the move persists/develops.

US TSYS: Cheaper In Asia

Feb-21 06:08

TYH3 deals at 111-25, -0-07, a touch off the top of its 0-04+ range on volume of ~63K.

  • Cash Tsys sit 2-4bps cheaper across the major benchmarks.
  • Tsy yields firmed after the long weekend in early trade, catching up the moves seen in futures yesterday with recent hawkish repricing of the Feds tightening cycle still in focus.
  • Losses extended as pressure in Antipodean rates spilled over. The weakness was fueled by NZ Treasury comments on RBNZ policy and RBA's Feb minutes showing that a pause in policy was not discussed.
  • Weakness in the Hang Seng provided some marginal support, as did a bounce in ACGBs.
  • Block sellers in FV futures (-3.5K & -1.9K) headlined flow wise, while selling in the FV & TY rolls kept broader volume ticking over.
  • In Europe today flash PMI data cross, further out flash US PMIs, Philadelphia Fed Non-Manf Activity and existing home sales data is on the wires. We also have the latest round of 2-Year Tsy supply.