POLAND: Inflation Expected To Tick Higher Before Upcoming CPI Re-Weighting

Feb-14 08:31

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Statistics Poland will release January CPI data at 09:00GMT/10:00CET. The publication is based on th...

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ECB: de Guindos Re-iterates ECB Base Case Of Further Easing

Jan-15 08:31

Few big surprises from ECB VP de Guindos' speech at the 15th edition of Spain Investors Day:

  • "The balance of macroeconomic risks has shifted from concerns about high inflation to concerns about low growth"
  • "Given the high level of uncertainty, we will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance. The high level of uncertainty calls for prudence"
  • "If the incoming data confirm our baseline, the policy trajectory is clear, and we expect to continue to further reduce the restrictiveness of monetary policy."

He joins several Governing Council colleagues since the turn of the year in calling for further ECB easing. OIS markets continue to essentially fully price a 25bp cut in January and March.

US TSY OPTIONS: TY Weekly Option

Jan-15 08:30

TY Weekly Option, expiry Friday.

  • TY 108c, bought for '08 in 9k.

EURIBOR OPTIONS: Rolling Put

Jan-15 08:28

ERJ5 97.3125p vs ERM5 97.4375p, sold the June at 2.5 in 4k.