CROSS ASSET: Asia Lows In S&P 500 & NASDAQ E-Minis Hold
Apr-03 13:50
Weakness in e-minis stalls after Asia-Pac lows held in both the S&P 500 and NASDAQ 100 contracts ahead of the cash open.
- With a modest bounce seen in the time since, meaning bonds tick away from highs and the USD edges off lows.
- Moves are more flow- than headline-driven.
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PIPELINE: Corporate Bond Issuance Update
Mar-04 13:50
- Date $MM Issuer (Priced *, Launch #)
- 03/04 $3B #KFW +3Y SOFR+29
- 03/04 $1B KommuneKredit WNG 5Y SOFR+47a
- 03/04 $500M OneMain Finance 7NC3
- 03/04 $Benchmark First Horizon 6NC5 +175a
- 03/04 $Benchmark 3M 5Y +90a, 10Y +110a
- 03/04 $Benchmark VeriSign +7Y +145a
GILTS: Fresh Net Short Set Monday, Pressured Today As Offshore News Dominates
Mar-04 13:48
OI data points to ~7K fresh net shorts being added in gilt futures during yesterday’s sell off, with price action in the first session of the week largely shaped by external factors (German fiscal speculation and U.S. data).
- Offshore developments continue to shape gilt trade today, putting pressure on the shorts established yesterday.
STIR: SOFR Call Fly Sale
Mar-04 13:43
- -20,000 SFRZ5 96.25/96.75/97.25 call flys, 7.5 ref 96.41
