EM CREDIT UPDATE: This Is A Test Bullet

Dec-04 08:20

This is a test bullet, please ignore.

Historical bullets

MNI: SPAIN OCT FINAL MANUF PMI 54.5 (FCST 53.2); SEP 53.0

Nov-04 08:15
  • MNI: SPAIN OCT FINAL MANUF PMI 54.5 (FCST 53.2); SEP 53.0

EGBS: Politics And Fiscal Worry Weighs On Bunds

Nov-04 08:14

Bunds underperform against most EGBs and core global FI peers this morning. No fresh headline drivers but the combination of fiscal and political issues outlined in our early EGB bullet provide the likely sources of pressure.

  • Friday’s low breached in Bund futures, although more meaningful support is located at 131.00.
  • Yields 0.5-4.0bp higher, curve bear flattens.

STIR: SFRZ4 95.625/50 Put Spread Sold

Nov-04 08:11

SFRZ4 95.625/50 put spread just under 13K given at 4.0 so far today.