North America
- Equities volumes are low for year-to-date levels and liquidity is poor. US investment grade spreads remain tight for the year.
- This week could be quieter as the summer lull hits and traders wrap up Q2.
- Data: US GDP Growth, Jobless Claims, consumer spending, and Core PCE on Thursday.
- US axe data, which is within normal ranges, indicates a higher proportion of asks versus bids in credit.
Europe and the UK
- European and UK equities volumes are very low for the year. Euro investment grade spreads remain tight for 2023.
- Data: EU Economic Sentiment data, Consumer Credit numbers Thursday, and the Eurozone Inflation rate and Unemployment numbers on Friday.
- EU axe data, which is within normal ranges, suggests a higher proportion of EU dealer asks Vs bids in credit.
- GBP axe data, within normal ranges, suggests much higher net selling Vs buying of credit.
