EUR: EURUSD Consolidates Recovery from 50-Day EMA Support
May-15 09:12
* The moderate risk-off tone is having little negative impact on the Euro, allowing EURUSD to rise...
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GILT AUCTION RESULTS: Decent auction - concession pricing removed
Apr-15 09:07
- Similar 10-year auction result to March with a marginally tighter tail at 0.4bp (vs 0.5bp) but the lowest accepted price (LAP) coming in only just above the pre-auction secondary market price.
- The volume of bids was broadly in line with that seen last month too (with a respectable bid-to-cover of 2.85x vs 2.92x prior).
- The concession priced into gilts ahead of the auction has been reversed and we are now trading at similar levels seen around 10 minutes prior to the bidding window closing in both the 4.50% Mar-35 gilt and in futures.
GILT AUCTION RESULTS: 4.50% Mar-35 Gilt
Apr-15 09:03
| 4.50% Mar-35 Gilt | Previous | |
| Amount | GBP4.00bln | GBP4.00bln |
| Avg yield | 4.638% | 4.679% |
| Bid-to-cover | 2.85x | 2.92x |
| Tail | 0.4bp | 0.5bp |
| Avg price | 98.905 | 98.580 |
| Low price | 98.873 | 98.542 |
| Pre-auction mid | 98.872 | 98.520 |
| Previous date | 12-Mar-25 |
MNI: GERMANY ZEW APR ECONOMIC EXPECTATIONS -14
Apr-15 09:00
- MNI: GERMANY ZEW APR ECONOMIC EXPECTATIONS -14
- MNI: GERMANY ZEW APR CURRENT CONDITIONS -81.2
