MNI EXCLUSIVE: MNI POLICY: Repaying NGEU Stays Top Priority Despite Draghi
Sep-13 14:23
MNI looks at the impact of the Draghi report on EU financing plans. - On MNI Policy MainWire now, for more details please contact sales@marketnews.com
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EQUITIES: Far OTM Estoxx put spread
Aug-14 14:22
SX5E (20th Dec) 1800/1700ps 1x2, bought for -0.40 (receive) in 10k.
EQUITIES: Estoxx put seller
Aug-14 14:19
SX5E (20th Sep) 4700p, sold at 70.50 in 12k.
GILTS: /STIR: BMO Stick To BoE Rate Cut Call, Like 5s10s Steepeners
Aug-14 14:18
BMO suggest that “this week’s UK data have, overall, moved in the right direction for the BoE… but the data has not improved enough for the MPC to accelerate the path of rate cuts”
- As such, they still expect the MPC to deliver 25bp cuts in both Nov and Feb.
- Markets wise, they think “the UK front end rally is a fade, but recognise how volatile the strip is, and how closely it has been following U.S.”
- As a result, they point to 5s10s gilt steepeners as their preferred position to reflect their BoE view.
