02 Feb 2018
Leading the industry in money fund news.
** Another blank on Friday left weekly Euro supply at EUR3.32bn, down on the EUR3.585bn recorded the week prior. For stats and insight on the week's supply see WEEKLY VOLUME
** Germany announced its 2017 funding plan at EUR154bn, for full details click here
Broader market developments on Friday:
** EU risk assets make tentative gains in low liquidity trade, Stoxx50 turns positive YTD
** Govvies - Bunds extend gains following announcement of 2017 funding outlook, while peripherals underperform with BTPs the weakest link. No major game changing news. For more details see IGM's FI CLOSE
** Week ahead - more CB verdicts in store from BoJ (steady) and Riksbank (QE extension), for IGM lookahead see here
Market Snapshot (15.49)
10yr BTP/SPGB spread widens 4.5bps to 44.4bp but still well within Mon 56.0 intra-day wide
SXXP +0.39%; SX7P -0.07%, FTSE MIB -0.07%
iTraxx Main -1.6 at 71.8 / Crossover -3.3 at 292.9
What to watch Monday
** Data: All three German IFO modules are seen rising in Dec, while US Markit Services PMI is also due following a 54.6 print in Nov.
** Events: Central bank speakers come in the shape of ECB's Weidmann and Fed's Yellen.
** Supply: There are no significant term auctions in Europe or US on Monday 19th December
IGM FX and Rates
31 Jan 2017
Between the inevitabilities of death and taxes one would like to hope there’s room for a comfortable, perhaps a long, retirement. Alas, the data on that possibility is rather depressing for an awful lot of Americans.