Cracks are mixed today ahead of the EIA data release, which is expected to show stock draws for both...
Find more articles and bullets on these widgets:
No tangible impact in the 10-year Gilt/Bund spread to the expected confirmation of the Winter Fuel payment U-turn. The spread remains just over 2bps wider today at 209bps, with the latest upward pressure in Gilt yields (now unch today at 4.645%) seemingly led by movements in the EGB space.
Full Article: US DAILY BRIEF
The gov't has confirmed a U-turn on ending universal Winter Fuel Payments for pensioners this morning. The gov't had been under significant pressure to change course from its own backbenchers and the opposition, with the U-turn widely expected but, until today, not confirmed.