FINLAND AUCTION RESULTS: 1.50% Sep-32 RFGB / 3.00% Sep-35 RFGB

May-20 10:06
Coupon1.50% 3.00% 
MaturitySep-32Sep-35
InstrumentRFGBRFGB
ISINFI4000523238FI4000587415
AmountE722mlnE780mln
PreviousE175mlnE4bln
Avg yield2.702%3.011%
Previous2.626%3.016%
Bid-to-cover1.59x1.86x
Previous5.00x 
Avg Price92.1199.91
Pre-auction mid91.90199.721
Prev avg price92.33099.870
Prev mid-price92.313 
Previous date06-Feb-2529-Apr-25

Source: Bloomberg

 

Historical bullets

CARNEY ELECTION PLATFORM HAS CAD225B OF DEFICITS OVER FOUR YRS

Apr-19 13:51
  • CARNEY ELECTION PLATFORM HAS CAD225B OF DEFICITS OVER FOUR YRS
  • CARNEY SEES 2025-26 BUDGET DEFICIT OF CAD62.3B OR 2% OF GDP
  • CARNEY PLANS TO REACH 2% NATO TARGET BEFORE 2030
  • CARNEY SEES NEW CAD10B ANNUAL PLAN FOR GREEN TRANSITION BONDS

LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)

Apr-18 05:18
DateTimeCountryEvent
25-Apr0745FRManufacturing Sentiment
29-Apr0700DEGFK Consumer Climate
29-Apr0800ESHICP (p) / GDP
29-Apr0900EUM3 / Consumer Expectations Survey
29-Apr0900ITISTAT Confidence Indices
29-Apr1000EUConsumer Confidence, Industrial Sentiment
30-Apr0630FRGDP (p) / Consumer Spending
30-Apr0700DEImport/Export Prices / Retail Sales
30-Apr0745FRHICP (p) / PPI
30-Apr0855DEUnemployment
30-Apr0900DEGDP (p) / State level CPI
30-Apr0900ITGDP (p)
30-Apr1000EUGDP preliminary flash est.
30-Apr1000ITHICP (p)
30-Apr1100ITPPI
30-Apr1300DEHICP (p)

JGBS: Twist-Steepener Holds Going Into W/E, BoJ Gov Ueda Reiterates Caution

Apr-18 05:16

JGB futures are stronger, +18 compared to settlement levels, sitting near the middle of the range after a choppy session.

  • “Governor Kazuo Ueda reiterates his stance that the central bank will carefully monitor if its economic outlook will be realized, accounting for the effects of US tariff measures, without preconception. The BoJ will raise the benchmark rate if the outlook is realized, Ueda says in response to questions in parliament.” (per BBG)
  • “Fukoku Mutual Life Insurance Co. plans to invest in Japan's super-long government bonds this fiscal year after their yields skyrocketed. The company aims to increase domestic government bond holdings by ¥30 billion, with gross purchases potentially reaching ¥300-400 billion.” (per BBG)
  • Earlier today, Headline CPI for March showed +3.6% y/y versus +3.7% estimate. Core and Core-Core printed +3.2% y/y and +2.9% y/y, respectively, versus estimates of +3.2% and +2.9% and priors +3.0% and +2.6%.
  • Cash US tsys are closed today for the Good Friday holiday.
  • Cash JGBs have twist-steepened, pivoting at the 20-year, with yields 2bps lower to 5bps higher.
  • Swap rates are 2bps lower to 2bps higher, with a steepening bias.
  • On Monday, the local calendar will see Tokyo Condominiums for Sale data.