North America
- Equities volumes were still very low but bid-ask spreads appeared tight for the year to date.
- US IG volumes remain very below the 8-month average but liquidity is very good for the year.
- Data: Job Openings, Mortgage Applications, GDP growth, Core PCE Prices, and Non Farm Payrolls.
- US axe data, which is within normal ranges, indicates a much higher proportion of buying versus selling in credit.
Europe and the UK
- Equities volumes were still very low but bid-ask spreads appeared tight for the year to date.
- US IG volumes remain very below the 8-month average but liquidity is very good for the year.
- Data: Job Openings, Mortgage Applications, GDP growth, Core PCE Prices, and Non Farm Payrolls.
- US axe data, which is within normal ranges, indicates a much higher proportion of buying versus selling in credit.
