STIR: August SOFR Call Spread
- +6,000 SFRQ3 94.75/95.12 call spds, 8
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EQUITIES: McCarthy’s Debt Ceiling Comments Apply Further Weight
E-mini S&P 500 & DJIA futures move to fresh session lows, with NASDAQ 100 futures hovering just above their own overnight base (the contracts are 0.3-0.4% lower on the day). This comes after comments from House Speaker McCarthy removed some of the weekend optimism re: the debt ceiling debate, allowing the post-NY empire manufacturing survey downtick to extend. To recap: a CNN reporter noted that “Speaker McCarthy just offered this assessment. “It doesn't seem to me yet they want a deal, it just seems like they want to look like they are in a meeting but they aren't talking anything serious” … “McCarthy says they are still “far apart.” He said: “Seems like they want a default more than a deal.” McCarthy added they need a deal by “this weekend” in order “to have a timeline to be able to pass it in both houses.””
OPTIONS: Expiries for May16 NY cut 1000ET (Source DTCC)
- EUR/USD: $1.0710(E517mln), $1.0815-20(E555mln), $1.0895-00(E675mln), $1.0950-65(E925mln), $1.0995-00(E813mln)
- AUD/USD: $0.6700-10(A$1.3bln)
PIPELINE: Saudi Arabia Sukuk 2Pt Guidance Updated
Crowded issuance calendar kicks off the new week, rate lock hedges keeping pressure on Treasury futures this morning.
- Date $MM Issuer (Priced *, Launch #)
- 05/15 $1.75B BGK 10Y +190
- 05/15 $500M Eaton Corp 5Y +110a
- 05/15 $Benchmark AES Corp 5Y +210a
- 05/15 $Benchmark CADES 5Y SOFR+47a
- 05/15 $Benchmark Westpac 5Y SOFR+97a
- 05/15 $Benchmark Weyerhauser 3Y +130a
- 05/15 $Benchmark PacifiCorp 31Y +190a
- 05/15 $Benchmark Saudi Arabia Sukuk 6Y +80, 10Y +100
- 05/15 $Benchmark Florida Power & Light 3Y, 5Y, 7Y, 10Y
- 05/15 $Benchmark Toyota Motor Credit 3Y fix/SOFR, 7Y
- 05/15 $Benchmark Southern Co 5Y +155a, 10Y +185a
- 05/15 $Benchmark COE Development Bank 3Y SOFR+24a
- 05/15 $Benchmark State Street 3NC2 +130a, 11NC10 +185a
- 05/15 $Benchmark FMC Corp 3Y +175a, 10Y +230a, 30Y +270a
- 05/15 $Benchmark JICA (Japan Int Cooperation Agcy) 5Y SOFR+80a
- 05/15 $Benchmark Tokyo 3Y, 5Y investor calls
- 05/15 $Benchmark Pfizer multi-tranche (2-40Y) investor calls re: $43B Seagen deal financing
