Fx Primus Rebates

Dollar and yen slip further on the day

Commodity currencies pull further ahead The aussie is now almost up close to 1% against the dollar on the day, with the greenback losing ground as we get the European session going. EUR/USD is back up to test the 1.1700 handle, while AUD/USD and NZD/USD are up to session highs of 0.7635 and 0.7018 respectively.

Fx Primus Rebates

ECB rate hike bets are trickling back in

Money markets now fully price in a 10 bps rate hike by the ECB in Q3 2019 The probability of a rate hike in June 2019 has come back up to ~50% after falling close to 30% on when the situation in Italy reached its peak – where we saw Italy-Germany 10-year yields spread surpass

Fx Primus Rebates

Italian bonds extend recovery into the new week

2-year yields continue to fall on the day Italy’s bond market is still picking up the pieces after the dramatic last two weeks of May, and that recovery is still ongoing as we head into trading this week. 2-year yields are now down to under 0.70% to a low of 0.68% today, after going back…