INDIA: Exit Polls Point Towards Modi's BJP Winning Delhi Election

Feb-06 08:50

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Most exit polls released following the 5 February election to the Legislative Assembly of the Nation...

Historical bullets

MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

Jan-07 08:30
  • MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

GILTS: Flat Start, Long End Supply Due

Jan-07 08:20

Little net movement in gilts as softer-than-expected French CPI counters earlier selling in Bunds.

  • Futures +10 at 92.05,
  • Bearish technicals intact in the contract.
  • Initial support at the Dec 19 low/bear trigger (91.64), while initial resistance is located at the Jan 2 high (92.88).
  • Yields little changed across the curve to start.
  • Gilt/Bund 10-Year yield spread flat at 216bp.
  • SONIA futures 0.5-1.5bp higher on the day with wider bonds off lows and BoE-dated OIS showing 57bp of cuts through ’25 vs. 56bp early today.
  • DMO issuance for calendar ’25 gets underway this morning, via GBP2.25bln of the 4.375% Jul-54 gilt.

BONDS: Bobl/Bund Block trade

Jan-07 08:13

Bobl/Bund block trade suggest a steepener, perfectly weighted.

  • RXH5 ~2.35k sold at 132.40.
  • OEH5 ~4.95k bought for 117.25.