Says:
- Greek won't issue 52-week bills. (RTRS)
NYSE Liffe have announced the following:1. An extension of existing DMM (designated market maker) arrangements in the Inter-contract Spread (ICS) EONIA swap index futures and EURIBOR futures until the 30th of September 2010. This is to align the commencement of the scheme with the EONIA outright DMM scheme which is due for renewal on the 1st of October 2010.
2. Confirming the appointment of DMM's in EURIBOR and Sterling packs and bundles. These DMM's will remain in place until 28th February 2011 and are as follows:
-Equilibrium Solutions Ltd (trading through Kyte)-Financial Market Engineering Ltd (trading through Schneider Trading)-RSJ as-XR Trading LLC-4 unnamed DMM's3. A reminder that the introduction of additional red delivery months in the three month EONIA swap index futures will take place on the 14th September 2010.
NYSE Euronext and its affiliates (hereafter "NYSE Euronext") shall not be liable, except where required by law, for any loss arising from the use or misuse of the information provided to Real-time Analysis and News Limited for transmission via its "Squawk" service ("a Communication") howsoever arising. NYSE Euronext shall not be responsible for any errors or omissions contained in any Communication. Those wishing either to trade in any products available through NYSE Euronext or to offer and sell them to others should consider both their legal and regulatory position in the relevant jurisdiction and the risks associated with such products before doing so and are urged to take advice in this regard. A Communication shall not constitute or contain investment advice nor be an invitation or inducement to engage in investment activity (NYSE LIFFE)
One-week Euribor: 0.502% vs. Prev. 0.505%
Three-month Euribor: 0.879% vs. Prev. 0.88%
Six-month Euribor: 1.134% vs. Prev. 1.134% (RTRS)
Says:
- Important that countries with economic problems follow strict austerity programmes, carry out structural reforms. (RTRS)
Says:
- US GDP to rise 2.0% annualised in Q3, Germany Q3 GDP seen up just 0.7% annualised.
- If slowdown temporary, best to postpone withdrawal of monetary stimulus for few more months.
- If slowdown more lasting, need more monetary stimulus, close to zero rates for long periods. (RTRS)
Says:
- Recovery might be uneven, have some unpleasant surprises.
- Have seen first signs of slight improvement in markets, but should not declare victory.
- Interest rates are appropriate.
- Tougher bank capital rules will slow growth. (RTRS)
Today the Irish Treasury is conducting Feb'11 and Apr'11 T-Bill auctions where it expects to raise a combined amount in the range of EUR 0.4-0.6bln. In terms of historical data:- The last 14-Feb-11 line was tapped in Aug'10, with bid/cover 10.1 (yield 1.978%). Last three auctions on this line saw an average bid/cover 5.5 (1.934%).
- The last 18-Apr-11 auction was held in Aug'10, with bid/cover 4.1 (yield 2.348%). Last three auctions on this line saw an average bid/cover 3.53 (average yield 2.319%).Results are expected between 1000-1045BST.
(RANsquawk)
- UK Trade Balance (Non EU) (Jul) M/M GBP -4800 vs. Exp. GBP -4300mln (Prev. GBP -4262) - UK Total Trade Balance (Jul) M/M GBP -4916 vs. Exp. GBP -3300mln (Prev. GBP -3260) (RTRS)