RATINGS: Moody's Due To Update On Slovakia & Canada After The Close

Jun-19 07:43

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Potential rating reviews of note scheduled for after hours on Friday include: * Moody's on Canada (...

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US TSY FLOWS: Roll Pace update

May-20 07:41

US ROLL PACE Update: Desks have clearly favoured starting to Roll early.

  • WNA: 8%.
  • USA: 8%.
  • UXY: 9%.
  • TYA: 11%.
  • FVA: 10%.
  • TUA: 7%.

SONIA OPTIONS: SFIU6 95.65/55 Put Spread Sold

May-20 07:38

SFIU6 95.65/55 put spread 10K given at 2.0

ECB: Moulin Provides Dovish Leaning Initial Comments To French Senate Committee

May-20 07:25
  • "*FRANCE'S MOULIN: TOO SOON TO SAY IF ECB SHOULD ACT IN JUNE" Bloomberg
  • "*MOULIN: ECB DECISIONS MUST ALSO ACCOUNT FOR GROWTH IMPACT" Bloomberg
  • "*MOULIN: BANK OF FRANCE SURVEYS SHOW COSTS STARTING TO SPREAD" Bloomberg

Banque de France nominee Moulin speaking at the Senate Finance Committee. These initial dovish-leaning comments suggest that if he is admitted to the role, he may share similar monetary policy views to outgoing Governor Villeroy.

Yesterday, the French Socialists said they would oppose Moulin’s nomination, citing independence concerns. This makes ascension to the Governor role more uncertain. 

Reuters wrote last week that: “The votes in both houses will be added up and Moulin will be approved if the nays do not surpass 60% of the combined total."... "The composition of the committees, with 72 members in the lower house committee and 49 in the Senate, mirrors that of the two chambers. Macron and his allies do not hold a majority in either chamber”