BUNDS: Testing initial resistance
Feb-13 14:03
* Bund is testing initial resistance at 132.79, as we noted while the PPI and the IJC were above e...
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STIR: Effective Fed Funds Rate
Jan-14 14:00
FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 4.33% (+0.00), volume: $104B
- Daily Overnight Bank Funding Rate: 4.33% (+0.00), volume: $306B
FRANCE: PM Bayrou Set To Speak At 1400GMT/1500CET
Jan-14 13:58
PM Bayrou’s general policy speech can be viewed at this link.
- French media outlets reported earlier today that Bayrou told parliamentary leaders of the gov't parties that he does not intend to announce a suspension of the 2023 pension reforms, instead favouring renegotiation in order to reach an agreement by September 2025.
- The centre-left Socialist Party (PS) has talked up a suspension of the reforms as its price for supporting the gov't in a post-speech censure vote.
- Should Bayrou's middle-ground approach on pension reform fall short of PS demands then it remains to be seen whether the Bayrou gov't can last.
BUNDS: The German 10yr makes an attempt at the July high
Jan-14 13:55
A quick turnaround for Bund, after initially gaining few Ticks on the US PPI miss, the German 10yr Yield is again eyeing a test to the July high of 2.642%, would need a test towards ~130.47, so far just tested a 130.53 low.
