THAILAND: Anutin Strikes Coalition Deal W/Pheu Thai, Will Invite Other Parties
PM Anutin Charnvirakul's Bhumjaithai Party (BJT) sealed the deal with jailed ex-Prime Minister Thaks...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EGB SYNDICATION: France 20-year May-46 : Spread set
- Size: EUR benchmark (MNI expects E8-10bln)
- Books in excess of E115bln (inc E4bln JLM interest)
- Spread set: 3.25% May-45 OAT + 5bp (guidance was + 8bp area)
- Maturity: 25 May 2046
- Coupon: First full
- ISIN: TBC
- Settlement: 21 January 2026 (T+5)
- Bookrunners: BNPP, Citi (B&D), HSBC, JPM, SocGen
- Timing: Books to close at 10:15GMT / 11:15CET, today's business
From market source / MNI colour
EQUITY OPTIONS: Estoxx Call Spread
SX5E (20th Feb) 6150/6250cs, bought for 20.5 and 20.7 in 7.5k.
ECB: Villeroy Re-iterates Downside Inflation Risks, Notes Dollar Weakness
Comments from Banque de France Governor Villeroy at a senate hearing: “The downside risks to inflation are at least as significant as the upside risks — a possible depreciation of the dollar, if the independence of the Federal Reserve were to be threatened, is among these downside risks,”...“We will therefore remain pragmatic and agile at each of the upcoming meetings of the ECB Governing Council.”
Not a surprising set of comments from Villeroy, nowadays considered one of the more dovish members of the GC.
- Yesterday, he said it was a "misconception" to think a hike could be delivered in 2026
- Note that MNI's latest sources piece, released yesterday, highlighted that the bar for cutting rates because of FX developments would be a high one, even if the exchange rate does have an impact on inflation... It was argued that the main concern should not be any appreciation against the dollar but rather a rise in the euro’s trade-weighted value.
