German Producer Price Index (PPI) for October showed a decrease of 0.1% month-on-month (MoM) compared to an expected decrease of 0.1% and a previous decrease of 0.2%. Year-on-year (YoY), the German PPI decreased by 11.0% compared to an expected decrease of 11.0% and a previous decrease of 14.7%. Germany called for bids on β¬3.5 billion of 2.4% 5-year government notes. Eurozone construction output for September increased by 0.40% MoM compared to a previous decrease of 1.06%. In the US, the leading index for October decreased by 0.8% MoM, surpassing the previous decrease of 0.7% and the estimated decrease of 0.7%. US 20-year bonds had a high yield of 4.780% and were allotted at high 18.63% at the auction. South Korea's PPI for October showed a decrease of 0.1% MoM and an increase of 0.8% YoY compared to previous figures.
π΄ S. KOREAN PPI MOM ACTUAL -0.1% (FORECAST -, PREVIOUS 0.4%) $MACRO
π΄ S. KOREAN PPI YOY ACTUAL 0.8% (FORECAST -, PREVIOUS 1.3%) $MACRO
π°π· South Korea PPI (MoM) (Oct) $KRW Actual: -0.1% Previous: 0.4%
π°π· South Korea PPI (YoY) (Oct) $KRW Actual: 0.8% Previous: 1.3%
US 20-Year Bonds: 4.780%; 18.63% At High #bonds #bondyields #markets
Auction fine Treasury WI 20Y yield 4.79% before auction, draws 4.78%, allotted at high 18.63%
π΄ US 20-YEAR BOND BID-TO-COVER ACTUAL 2.58 (FORECAST -, PREVIOUS 2.59) $MACRO
US 20-YEAR BOND AUCTION BID-TO-COVER RATIO 2.58 HIGH YIELD 4.780% SELLS $16 BLN AWARDS 18.63% OF BIDS AT HIGH PRIMARY DEALERS TAKE 9.51% DIRECT 16.51% INDIRECT 73.98%
πΈ US 20-Year Bonds: 4.780%; 18.63% At High
π΄ TREASURY WI 20Y YIELD 4.790% BEFORE $16 BILLION AUCTION.
πΈ TREASURY WI 20Y YIELD 4.790% BEFORE $16B AUCTION
π΄ US LEADING INDEX CHANGE OCTOBER 2023 REPORT https://t.co/oelR2CrAM7
π΄ US LEADING INDEX CHANGE MOM ACTUAL -0.8% (FORECAST -0.7%, PREVIOUS -0.7%) $MACRO
πΊπΈ United States US Leading Index (MoM) (Oct) $USD Actual: -0.8% π΄ Expected: -0.7% Previous: -0.7%
πΈUS LEADING INDEX (MOM) (OCT) ACTUAL: -0.8% VS -0.7% PREVIOUS; EST -0.7%
#TreasuriesToday: Yields higher by 3bp-5bp inside last week's ranges as oil extends its rebound to $77. Holiday-shortened week means auctions start today with $16b 20Y new issue at 1pm. WI yield 4.83% vs Oct all-time high result 5.245%, but 10s20s30s fly remains near YTD high.
π΄ EUROZONE CONSTRUCTION OUTPUT SEPTEMBER 2023 REPORT https://t.co/vH4JB4RRFO
πͺπΊ Europe Construction Output (MoM) (Sep) $EUR Actual: 0.40% Previous: -1.06%
π΄ EUROZONE CONSTRUCTION OUTPUT MOM ACTUAL 0.4% (FORECAST -, PREVIOUS -1.06%) $MACRO
π΄ GERMANY CALLS FOR BIDS ON β¬3.5 BLN OF 2.4% 5 YEAR GOVERNMENT NOTES.
German Producer Prices at -11% YoY. Lagarde & Co: what are you doing? https://t.co/EyqAtidR3c
π΄ GERMAN PPI YOY ACTUAL -11% (FORECAST -11%, PREVIOUS -14.7%) $MACRO
π©πͺ Germany German PPI (MoM) (Oct) $EUR Actual: -0.1% Expected: -0.1% Previous: -0.2%
π©πͺ Germany German PPI (YoY) (Oct) $EUR Actual: -11.0% Expected: -11.0% Previous: -14.7%