RATINGS: Fitch On The UK The Standout On Friday

Dec-09 15:32

Potential rating reviews of note slated for after hours on Friday include:

  • Fitch on the United Kingdom (current rating: AA-; Outlook Negative)
  • Moody’s on the European Financial Stability Facility (current rating: Aaa; Outlook Stable), the European Stability Mechanism (current rating: Aaa; Outlook Stable) & the Netherlands (current rating: Aaa; Outlook Stable)
  • S&P on Slovenia (current rating: AA-; Outlook Stable)
  • DBRS Morningstar on Malta (current rating: A (high), Stable Trend) & Slovenia (current rating: A (high), Stable Trend)

Historical bullets

BONDS: EGB/Gilt - Gilt outperforms

Nov-09 15:32
  • EGBs and Bund remain in the green this afternoon, with volumes still fairly subdued, but decent ranges overall.
  • Reports that Russian troops were ordered to leave Ukraine’s city of Kherson, has lifted futures to their high of the session
  • Peripheral spreads are all wider, Greece in the lead by 5bps.
  • Gilt outperforms EGBs somewhat, but the Gilt/Bund spread is only 0.6bps wider at 127.00, as the 120.00 support continues to hold last week and this week.
  • Looking ahead, Fed Barkin and BoE Cunliffe are still scheduled., but all eyes are on the US CPI tomorrow.
  • Dec Bund futures (RX) up 80 ticks at 137.89 (L: 136.92 / H: 137.94)
  • Germany: The 2-Yr yield is down 11bps at 2.214%, 5-Yr is down 8.2bps at 2.117%, 10-Yr is down 7.6bps at 2.205%, and 30-Yr is down 6.8bps at 2.117%.
  • Dec Gilt futures (G) up 135 ticks at 103.06 (L: 101.6 / H: 103.13)
  • UK: The 2-Yr yield is down 0.3bps at 3.251%, 5-Yr is down 4.1bps at 3.463%, 10-Yr is down 7.7bps at 3.475%, and 30-Yr is down 14.2bps at 3.596%.
  • Dec BTP futures (IK) up 61 ticks at 114.75 (L: 113.8 / H: 114.92)
  • Italy / German 10-Yr spread 0.9bps wider at 212.1bps
  • Dec OAT futures (OA) up 76 ticks at 132.59 (L: 131.6 / H: 132.63)

US EIA: CRUDE OIL STOCKS EX SPR +3.92M TO 440.8M NOV 04 WK

Nov-09 15:30



  • US EIA: CRUDE OIL STOCKS EX SPR +3.92M TO 440.8M NOV 04 WK
  • US EIA: DISTILLATE STOCKS -0.52M TO 106.3M IN NOV 04 WK
  • US EIA: GASOLINE STOCKS -0.9M TO 205.7M IN NOV 04 WK
  • US EIA: CUSHING STOCKS -0.92M TO 27.2M BARRELS IN NOV 04 WK

MNI:US SEP WHOLESALE INV 0.6%; SALES 0.4%

Nov-09 15:00



  • MNI:US SEP WHOLESALE INV 0.6%; SALES 0.4%