RATES - UK US EU
UK rates review 09/07/2014 08:08:00
Quotes from Societe Generale Cross Asset Research:
-UK: 10y swaps edge up to 2.84% amid light trade in Asia. Unexpected contraction in IP (-0.7% mom) does not change our Q4 BoE rate hike call. Newly appointed BoE deputy governor Shafik in spotlight. UK/EU 10y swaps at 134bp, below 138.7bp high.
US rates review 09/07/2014 08:08:00
Quotes from Societe Generale Cross Asset Research:
-US: Two-day sell off in 10y USTs brings 10y cash yield closer to 2.55% ahead of the FOMC minutes. 3y UST auction last night sold at an average yield of 0.992%, highest since May 2011. $21bn 10y auction tonight. Alcoa reported strong Q2 results.
EU rates review 09/07/2014 08:06:00
Quotes from Societe Generale Cross Asset Research:
-EU: Equity and credit indices sold off yesterday putting 10y swaps closer to 1.40%. ECB president Draghi slated to speak in Londo
n tonight. EUR94bn allotted in the 1-week MRO was as expected. Eurostoxx banks index in trouble as 146.58 breaks.
