EU-BILL AUCTION PREVIEW: On offer next week

May-02 10:03

The EU has announced it will be looking to sell the following at its auction next Wednesday, May 7:

  • Up to E1.0bln of the 3-month Aug 8, 2025 EU-bill
  • Up to E1.5bln of the new 6-month Nov 7, 2025 EU-bill
  • Up to E1.5bln of the new 12-month May 8, 2026 EU-bill

Historical bullets

US: SOFR FIX - 02/04/25

Apr-02 10:01

SOFR FIX - Source BBG/CME

  • 1M 4.31930 0.00034
  • 3M 4.27734 -0.00364
  • 6M 4.16448 -0.00244
  • 12M 3.95120 -0.00869

EQUITIES: Estoxx Call buyer

Apr-02 09:55

SX5E (17th Apr) 5600c, bought for 4.5 in  6.5k.

GBP: GBP/USD Breaches S/T Resistance to Trade New Daily Highs

Apr-02 09:54

GBP/USD bumped to new daily highs as the modest background USD weakness continues into the NY crossover. This latest strength puts spot through yesterday's highs with range of NY highs on Monday at 1.2959, with a slight pick-up in volumes supporting the step higher, although total activity on the day remains subdued relative to the average you'd expect to see for this time of day.

  • The 15 minute candle chart shows downtrendline resistance drawn off 1.2941 has been broken, helping pressure EUR/GBP to 50-dma support of 0.8346.