EM LATAM CREDIT: President Petro suspending peace talks with the ELN guerrillas

Jan-17 13:31

"President Petro announced that he is suspending peace talks with the ELN guerrillas" - La Nacion

COLOM 5% 2045, $68.08, +.07

 

Historical bullets

MNI: US NOV HOUSING STARTS 1.289M; PERMITS 1.505M

Dec-18 13:30
  • MNI: US NOV HOUSING STARTS 1.289M; PERMITS 1.505M
  • US OCT STARTS REVISED TO 1.312M; PERMITS 1.419M
  • US NOV HOUSING COMPLETIONS 1.601M; OCT 1.632M (REV)

MNI: US Q3 CURRENT ACCOUNT GAP -$310.9B

Dec-18 13:30
  • MNI: US Q3 CURRENT ACCOUNT GAP -$310.9B
  • US Q2 CURRENT ACCOUNT REVISED TO -$275B

BONDS: Bund is testing the Immediate support

Dec-18 13:25

Bund look to test that immediate area of interest noted at the 2.263% Retracement Yield level and the tiny 134.41 gap, so far printed a 134.42 low and 2.261% high in Yield.

A clear break through the latter, would open to:

  • 2.282% = 134.24.
    2.300% = 134.04.

Underperformance In Germany has allowed for the Tnotes/Bund spread to trade tighter today, after seeing some interest in Fading off the 218.1bps high level Yesterday, this was the April high and widest print for 2024.