Back
5 Jul 2013
Flash: Markets post BoE/ECB – TD Securities
FXstreet.com (London) - Research teams at TD Securities said, following on from yesterday’s dovish central BoE and statements, Asian equity markets were almost unanimously higher overnight.
They explain that the European morning session, however, has seen rather more mixed market moves, adding the gilt curve has seen yields 5+ years out move 2-3bp higher. They said in the front end, moves have been more subdued while the Bund curve has bear steepened, with 30-year Bunds seeing yields rise 4.5bp on the day so far. They explain the European peripheral bond spreads are lower across the board and against this backdrop, European equity markets have been largely flat.
They explain that the European morning session, however, has seen rather more mixed market moves, adding the gilt curve has seen yields 5+ years out move 2-3bp higher. They said in the front end, moves have been more subdued while the Bund curve has bear steepened, with 30-year Bunds seeing yields rise 4.5bp on the day so far. They explain the European peripheral bond spreads are lower across the board and against this backdrop, European equity markets have been largely flat.