Axios reports that relations between the Netanyahu gov't and the Trump administration have been severely strained by the news that US officials have engaged in direct conversations with Hamas regarding the potential release of US hostages held in Gaza. The article claims that Israel's disapproval of the US-Hamas talks "erupted in a contentious call Tuesday between Prime Minister Benjamin Netanyahu's right-hand man [Minister of Strategic Affairs Ron Dermer] and the U.S. official leading the talks [US hostage envoy Adam Boehler]," according to its sources. The Times of Israel reported on 6 March that the PM's office was also unaware of talks involving the US, Hamas, Egypt and Qatar regarding the phase two ceasefire agreement in Gaza.
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OI data points to a mix of net long setting and short cover in most SOFR futures on Tuesday.
| 04-Feb-25 | 03-Feb-25 | Daily OI Change |
| Daily OI Change In Packs |
SFRZ4 | 1,073,967 | 1,082,060 | -8,093 | Whites | -3,188 |
SFRH5 | 1,227,372 | 1,215,014 | +12,358 | Reds | -13,237 |
SFRM5 | 1,081,899 | 1,093,284 | -11,385 | Greens | +17,150 |
SFRU5 | 779,484 | 775,552 | +3,932 | Blues | +4,574 |
SFRZ5 | 944,129 | 942,862 | +1,267 |
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SFRH6 | 672,754 | 671,349 | +1,405 |
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SFRM6 | 625,125 | 640,630 | -15,505 |
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SFRU6 | 590,125 | 590,529 | -404 |
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SFRZ6 | 677,002 | 666,455 | +10,547 |
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SFRH7 | 476,379 | 472,299 | +4,080 |
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SFRM7 | 411,859 | 406,431 | +5,428 |
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SFRU7 | 284,237 | 287,142 | -2,905 |
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SFRZ7 | 270,188 | 267,479 | +2,709 |
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SFRH8 | 216,082 | 216,838 | -756 |
|
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SFRM8 | 181,891 | 179,036 | +2,855 |
|
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SFRU8 | 119,874 | 120,108 | -234 |
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Type | 3-month EU-bill | 6-month EU-bill | 12-month EU-bill |
Maturity | May 9, 2025 | Aug 8, 2025 | Feb 6, 2026 |
Amount | E1.35bln | E1.371bln | E1.472bln |
Target | E1.5bln | E1.5bln | E1.5bln |
Previous | E1.24bln | E1.35bln | E950mln |
Avg yield | 2.487% | 2.350% | 2.190% |
Previous | 2.615% | 2.505% | 2.345% |
Bid-to-cover | 1.96x | 2.32x | 2.14x |
Previous | 1.45x | 1.73x | 2.94x |
Previous date | Jan 22, 2025 | Jan 22, 2025 | Jan 22, 2025 |
SX7E (21st Mar) 150/135ps 1x1.5, bought for 0.65 in 6k.