CANADA DATA: Factory Sales Fall For 2nd Straight Month; March Wholesales +0.2%

May-15 13:08

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* Manufacturing sales fell for the second straight month, -1.4% in March though that's an improvem...

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BTP: Spread To Bunds Narrower Since Syndication Announcement

Apr-15 12:55

BTP/Bund spread back from session highs since the syndication announcement, last ~2bp wider on the day around 118bp.

  • Perhaps some local speculation surrounding such announcement factored into this morning’s spread widening, with the lack of overall surprise in the details (we had flagged the potential for such an announcement in our weekly issuance documents) resulting in profit taking by short-term speculators.

MNI: US REDBOOK: APR STORE SALES +6.6% V YR AGO MO

Apr-15 12:55
  • MNI: US REDBOOK: APR STORE SALES +6.6% V YR AGO MO
  • US REDBOOK: STORE SALES +6.6% WK ENDED APR 12 V YR AGO WK

US TSY FUTURES: BLOCK: Jun'25 10Y Sale

Apr-15 12:54
  • -6,752 TYM5 110-21, post time bid at 0848:45ET, DV01 $436,000.
  • The 10Y contract trades 110-20.5 last (-3.5)