USD: BBDXY Bounces On U.S. Data
Jan-18 13:47
The BBDXY more than reverses early Thursday losses and moves to a fresh session high as the initial post-U.S. data reaction looks to the lower than-expected rounds of weekly jobless claims prints (as well as better-than-expected housing permits and building starts) and the subsequent uptick in Tsy yields.
- A softer-than-expected Philly Fed survey provides a modest limiting factor for the initial USD demand before a second-round bid kicks in alongside fresh selling in Tsys.
- USD bulls eye yesterday’s ’24 BBDXY peak.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CANADA DATA: All Main Core Inflation Metrics See Acceleration On 6-Month Trend Basis
Dec-19 13:47
- The drift higher in the 6-month run rate of the BoC’s preferred trim and median core measures was more pronounced in traditional core metrics.
- Ex food & energy prices rising a second consecutive 0.40% M/M in Nov (Oct revised up from 0.34 to 0.40%) meant the 3-month lifted to 4.1% from 3.6% (initially 3.3%) and the 6-month rate lifted to 3.7% from 3.2% (initially 3.0%).
- CPIX meanwhile accelerated to 0.33% M/M after an unrevised 0.26%. This saw an unchanged 2.1% on a 3-month basis but the 6-month bounced from 2.3% back to 2.7% annualized.
BONDS: North American Data Caps Rally
Dec-19 13:46
Feedthrough from the firmer-than-expected U.S. housing starts and Canadian CPI data helps limit the extension of the general rally in wider core global FI markets, although post-data moves outside of the Canadian curve are relatively contained.
STIR: Latest SFR Options
Dec-19 13:41
- SFRM4 94.00p, bought for 1.5 in 4k.
- SFRM4 vs 0QM4 97.00/98.00cs spread, bought the mid for half and 0.75 in 2k.
- SFRU4 97.00/98.00cs sold at 8 in 5k.
