OVERNIGHT MARKETS AND NEWS

The dollar index (DXY00 +0.14%) is up +0.16%. EUR/USD (^EURUSD) is down -0.20% after ECB Executive Board member Praet said inflation developments are subdued despite solid growth. USD/JPY (^USDJPY) is up +0.26%.

Dec 10-year T-note prices (ZNZ17 -0.20%) are down -7.5 ticks.

ECB Executive Board member Praet said “we have not yet accomplished our mission, and so we must remain patient and persistent” on monetary policy as inflation developments are subdued despite solid growth.

Eurozone Oct new car registrations rose +5.9% y/y to 1,169,672, the largest increase in 5-months. Year-to-date Eurozone new car registrations are up +3.9% y/y at 12,830,216.

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