- Macro: US markets rose marginally yesterday with the S&P 500 up 0.09% and the Nasdaq up 0.02%. Europe ended slightly higher with the Stoxx 600 broad index rising 0.13%. Later today, we get EU Consumer Confidence. In the US, we get the Philadelphia Fed Non-Manufacturing activity for May. From central bankers, Pill from the BOE, Cipollone from the ECB and Musalem from the Fed will all be speaking.
- Debt: The bond market “bought the dip” in the morning yesterday, particularly in Europe, but yields ended broadly unchanged on the day after a strong rally in prices in the afternoon.
