CONSUMER STAPLES: Consumer primary performance

Feb-26 15:09

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Slight correction - we said German retail denominated Sudzucker was best performing consumer/transpo...

Historical bullets

BONDS: Continuing To Edge Away From Highs

Jan-27 15:07

No meaningful reaction to the U.S. housing market data 

  • Cross-market cues dominate, with little of note on the news front over the last few hours.
  • The recovery from session lows in equities continues to push core global FI markets away from session highs.
  • Market participants are still assessing the risks posed to U.S. tech by Chinese startup DeepSeek.
  • U.S. Tsys remain the outperformer amongst core global FI markets,
  • EGB spreads to Bunds still wider on the day but narrow from session highs as equities recover.

MNI: US DEC NEW HOME SALES +3.6% TO 0.698M SAAR

Jan-27 15:00
  • MNI: US DEC NEW HOME SALES +3.6% TO 0.698M SAAR
  • US NOV NEW HOME SALES REVISED TO 0.674M SAAR

BOE APF SALES RESULTS: Majority of sales are of the 4.25% Dec-55 gilt

Jan-27 14:55
  • Note that the majority of the sales were of the 4.25% Dec-55 gilt (with all gilts sold today having a maturing in excess of 30-years).
  • There were also very low offers for any gilts in the 20-29 year area. So there was a decent bid-to-cover of 1.98x for the operation as a whole, but all the demand is 30+ year.