EUROZONE DATA: Worth Monitoring Labour Cost Increases In Feb Services PMIs

Mar-05 09:10

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The Eurozone-wide services PMI saw a small downward revision to 50.6 (vs 50.7 flash, 51.3 prior), wi...

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BUNDS: Curves Steepen Towards Next Upside Levels

Feb-03 09:08

The dovish repricing linked to tariff-related growth worry promotes bull steepening on the German curve this morning.

  • 2s10s within 0.5bp of the October 21 ’22 high (36.7bp).
  • 5s20s ~3bp off the ’24 treble top area (~51.1bp).
  • Levels above are based on closing prices.

EURIBOR OPTIONS: More Call Flow

Feb-03 09:03

Continued flow in Euribor calls, although a little more mixed this time around:

  • ERM5 97.9375/98.1875 call spread 4K given at 7.25.
  • ERU5 98.25/98.4375 call spread paper paid 4.25 on 7K vs 98.035, 13% delta.

MNI: EUROZONE FINAL JAN MANUF PMI 46.6 (FLASH: 46.1); DEC 45.1

Feb-03 09:00
  • MNI: EUROZONE FINAL JAN MANUF PMI 46.6 (FLASH: 46.1); DEC 45.1