MEXICO: MXNJPY Approaching Strong Horizontal Support, Data Upcoming

Feb-20 16:31

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* Despite a very contained session for USDMXN, the notable outperformance of the Japanese yen has ...

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EGBS: Natural Gas Rally Helping To Cap Upside In EGBs

Jan-21 16:19

The continued extension higher in natural gas prices will also be helping to cap rallies in EGBs, with TTF futures reaching E50/Mwh for the first time since Jan 3.

  • Our commodities team notes that the rally is supported by high gas storage withdrawals and concern to low winter stocks, as the IEA forecast a tight market in 2025 despite rising LNG supply.
  • Front month TTF has traded through the initial resistance levels with the short term bull trigger at the Jan. 2 high of €51/MWh.
  • 1- and 2-year Euro inflation swaps have moved away from intraday lows through the afternoon, but remain 3-4bps lower today. The 5y5y inflation swap is 1.7bps lower today at 2.0863%, down from last Tuesday’s multi-week high of 2.1587%.

FED: US TSY 26W AUCTION: NON-COMP BIDS $2.075 BLN FROM $72.000 BLN TOTAL

Jan-21 16:15
  • US TSY 26W AUCTION: NON-COMP BIDS $2.075 BLN FROM $72.000 BLN TOTAL

FED: US TSY 13W AUCTION: NON-COMP BIDS $2.415 BLN FROM $84.000 BLN TOTAL

Jan-21 16:15
  • US TSY 13W AUCTION: NON-COMP BIDS $2.415 BLN FROM $84.000 BLN TOTAL