EGBS: 10-year Spreads To Bunds Unwind A Little Of This Week's Narrowing
Oct-17 08:47
Aforementioned risk-off in global equity markets pushes 10-year EGB spreads to Bunds up to 2bps wide...
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EQUITIES: Lower On Suggestion China Pushes Tech Cos To Cease Nvidia Chip Buying
Sep-17 08:44
E-minis offered after as an FT sources report notes that "China’s internet regulator has told the country’s biggest technology companies to stop buying all of Nvidia’s artificial intelligence chips and terminate their existing orders, as Beijing steps up efforts to boost its homegrown semiconductor industry and compete with the US".
- S&P 500 e-minis through yesterday's low, breaking 6,660. Initial support comes in at the 20-day EMA (6,559.62).
- Nvidia shares now indicated 1.1% lower pre-market.
- Prior reporting had suggested that Chinese firms were not satisfied with the Nvidia chip offering available to them, while Chinese regulatory scrutiny of Nvidia has stepped up in recent days.
FED FUNDS FUTURES: FFF6/G6 Lifted
Sep-17 08:29
FFF6/G6 paper paid -12.0 on ~3.9K.
EGB FUNDING UPDATE: Netherlands DSTA Q4 Funding Update
Sep-17 08:21
- The DSTA has reiterated its issuance target of E40bln on capital markets. The total borrowing requirement has been lowered by E1.8bln due to a lower expected cash deficit.
- The DSTA will hold three DSL auction in Q4: E2.0-2.5bln of the on-the-run 10-year 2.50% Jul-35 DSL (ISIN: NL0015002F72) on 11 November. There will also be two auctions of existing DSLs held on 14 October and 25 November.
- The six usual DTC auction dates will all be utilised and see both short-dated and longer-dated DTCs on offer at each.
- The DSTA will release its 2026 outlook on Friday 12 December.
