Euro (EUR)
USDi: $15bn Jan31 TIPS but a molehill for inflationistas
Today’s $15bn Jan31 TIPS auction was but a little molehill for bullish inflationistas who continued to chase BEs higher this session.
EURi: Rally takes a breather; French supply
Euro inflation swaps were off session lows but remained softer across the board into the close following 10y supply from the AFT.
Basis: EUR on back foot as USD supply takes over
With the ECB meeting stopping traffic and the SURE supply lurking, USD seized the opportunity to corner most of the cross-border market today.
EUR Swaps: Bases tighten on abundant liquidity; EONIA-BOR...
The continued tightening in euro basis was front of mind for one trader today, despite low volatility in the market ahead of the ECB meeting.
EUR New issues: Goldman Sachs 7y, Land NRW 30y
A shorter list of euro deals ahead of the ECB today still includes a GS benchmark and a 30y from Land NRW.
USDi: BEs continue winning streak; 10y TIPS supply eyed
BEs extended on the reflation rally of 2021 as the presidential baton was passed amid a buoyant risk-tone. Attention shifts to the 10y TIPS auction.
EUR Vol: Onwards and downwards; Intrigue over 2y10y OTM r...
Vols move lower, while some traders are intrigued by ongoing bids for 2y10y OTM receivers.
EURi: 10y OAT€i talk; More interest in swaps than bonds
Speaking ahead of tomorrow’s new 10y OAT€i, inflation traders note more interest in swaps than bonds
EUR Swaps: Steeper amid more SURE talk; ASWs too tight?
The euro curve is steeper amid more speculation about upcoming EU SURE issuance.
EUR New Issue Pipeline: More long-end; EIB 7y €STR; Tesco...
More long-end deals are pricing, plus EIB returns to the €STR-linked market.