Highlights:
Cumulative hikes implied by FOMC-dated Fed Funds futuresSource: Bloomberg
Euro area government bonds have traded firmer this morning, while gilts have traded mixed. Equities are broadly lower across the region, as is FX vs the dollar.
Austrian auction results
German auction results
Gilt auction results
Spain syndication final terms
Eurozone:
RXN2 150/148.5/146p ladder, sold at 41 in 1.5k
RXN2 151/149ps, bought for 104 in 2.15k
RXN2 153/155cs 1x2 bought for 8 1930 vs RXN2 153.5/155.5cs 1x2 sold at 5.5 in 1930 (rolling down)
RXN2 144/142ps 1x2, bought for 1 in 1k
RXN2 150/149/148p fly, sold at 12.5 and 12 in 5k
RXU2 150/153cs 1x2, bought for 7 in 2.5k
RXU2 154.50/158cs 1x2 sold at 21 vs RXU2 150/153cs 1x2, bought for 7 in 2.5k (rolling down, trades net 14)
ERU2 99.37/99.75^^ sold at 11 in 2k
ERU2 99.50/99.375 ps vs 99.75c, bought the ps for half in 5k
SX7E (16th Dec) 90/112.5cs, bought for 6.70 in 42k vs 16.8k CAM2 at 91.60
Date | GMT/Local | Impact | Period | Flag | Country | Release | Prior | Consensus | |
07/06/2022 | 1230/0830 | ** | Apr | ![]() | CA | Prev Trade Balance, Rev | 3.081 | -- | CAD (b) |
07/06/2022 | 1230/0830 | ** | Apr | ![]() | CA | Trade Balance | 2.486 | -- | CAD (b) |
07/06/2022 | 1230/0830 | ** | Apr | ![]() | US | Previous Trade Deficit Revised | -89.8 | -- | USD (b) |
07/06/2022 | 1230/0830 | ** | Apr | ![]() | US | Trade Balance | -109.8 | -89.2 | USD (b) |
07/06/2022 | 1255/0855 | ** | 04-Jun | ![]() | US | Redbook Retail Sales y/y (month) | 12.4 | -- | % |
07/06/2022 | 1255/0855 | ** | 04-Jun | ![]() | US | Redbook Retail Sales y/y (week) | 12.6 | -- | % |
07/06/2022 | 1400/1000 | * | May | ![]() | CA | Ivey PMI (SA) | 66.3 | -- | |
07/06/2022 | 1700/1300 | *** | Jun | ![]() | US | Bid to Cover Ratio | -- | -- | |
07/06/2022 | 1900/1500 | * | Apr | ![]() | US | consumer credit | 52.4 | 32.75 | USD (b) |