Euro (EUR)
USDi: Fed’s hawkish tide sinks all boats, BEs included
A more hawkish than expected FOMC dot plot essentially sent all major asset classes lower with TIPS/BEs far from unscathed today.
EUR Vol: Vega drop resumes
Implieds are mixed although some vega pieces, such as 5y5y, have resumed their descent.
EURi: Drifting lower before Fed, AFT supply
Inflation was drifting into the red shortly before the FOMC today and chunky French supply tomorrow.
EUR Swaps: Steady as FOMC eyed; NGEU debut hailed a success
Euro rates keep a tight range as the market awaits the FOMC decision.
EUR New issues: Banque Postale, Unedic, Century deal
Several issuers are looking to price across the 5y-15y sector in euros today. Another Century MTN emerges.
USDi: Team Reflationista scores PPI points; TIPS/BE selli...
A much stronger-than-expected May PPI print gave another point to Team Reflationista. BEs bull flattened as better TIPS/BE selling abated.
EUR Vol: Giving back; Bearish vega?
The vol surface turned offered, giving back yesterday's gains.
EUR Swaps: EU prices €20bn 10y NGEU with €142bn orders
The European Union’s highly anticipated NGEU programme kicked off today with the issuance of €20bn 10y bonds and €142bn orders.
EUR New Issues: EU 10y NGEU bond draws €107bn order book
The EU's inaugural NGEU bond draws orders above €107bn.
EUR Vol: Higher despite low realised
Vols edged higher despite a lacklustre session in the underlying.