EUROPEAN INFLATION: MNI Projects 2.1% Y/Y German National CPI, Core 2.7-2.8%

Aug-29 09:27

You are missing out on very valuable content.

Resent with correct title From state-level data that equates to 89.1% weighting of the national Jul...

Historical bullets

USD: The Globe waits for the FOMC

Jul-30 09:13
  • The Dollar saw its first negative start in over 5 days going into the European session, but most FX Pairs/Crosses are now fairly steady as the Globe waits for the FOMC later Today.
  • The Yen is still the best performer within G10s, up 0.33% on the day, although looking at the price action Market participants have seen the USDJPY exchanging hands inside a 147.81/148.17 range for the past 8 hours.
  • Some of the early Overnight focus was on the Australian inflation, which came below expectations.
  • The AUD was  still flat going into the European Govie Open, but is now the worst small performer at the time of typing, down 0.12% and testing the 0.6500 figure, so far printed a 0.6497 low.
  • Desks will now start to speculate that the RBA could be set to cut its Rate as early as the next meeting on the 12th August.
  • Looking ahead, there's plenty of Data to take down before the expected unchanged Fed Rate decision, it includes, US ADP, GDP, and Core PCE QoQ.

GREECE T-BILL AUCTION RESULTS: 13-Week GTB

Jul-30 09:11
Type13-week GTB
MaturityOct 31, 2025
AmountE500mln
TargetE500mln
PreviousE500mln
Avg yield1.76%
Previous1.70%
Bid-to-cover2.00x
Previous2.53x
Previous dateJul 02, 2025

ITALY AUCTION RESULTS: BTP/CCTeu Results

Jul-30 09:10
Coupon1.35% 2.70% 3.60% 1.05% 
MaturityApr-30Oct-30Oct-35Apr-34
InstrumentBTPBTPBTPCCTeu
ISINIT0005383309IT0005654642IT0005648149IT0005652828
AmountE1.5blnE2blnE3.5blnE2bln
PreviousE486mlnE1.5blnE3.5blnE2bln
Avg yield2.60%2.80%3.52%3.13%
Previous0.50%2.74%3.48%3.16%
Bid-to-cover1.78x1.72x1.59x1.68x
Previous 1.80x1.51x1.56x
Avg Price94.6399.64100.89101.28
Pre-auction mid94.57099.559100.812101.186
Prev avg price107.66899.920101.280101.0500
Prev mid-price 99.840101.158100.938
Previous date21-Jan-2127-Jun-2527-Jun-2527-Jun-25