NATGAS: Azerbaijan and Croatia Discuss Gas Co-Operation

Jan-23 09:52

 Azerbaijani President Ilham Aliyev and Croatian Prime Minister Andrej Plenkovic have discussed the potential to increase Azerbaijani gas supplies to Croatia at Davos according to official reports.

  • "The role of Azerbaijan in Croatia's energy security, as well as the export of oil and gas from Azerbaijan to Croatia, was particularly emphasized, and the prospects for increasing the volume of gas exports were discussed," the Azerbaijani president's website said in a statement.

Historical bullets

FOREX: FX OPTION EXPIRY

Dec-24 09:40

Of note:
EURUSD 1.31bn at 1.0400 (fri).

  • EURUSD: 1.0400 (590mln).
  • USDJPY: 157.00 (431mln).
  • USDCNY: 7.2814 (600mln).

GILTS: Testing session low

Dec-24 09:32
  • The UK 10yr Yield remains higher today, futures underperforms the US Treasuries.
  • The Yield managed a 4.651% high this Month, the highest print since November 2023.
  • Looking further out, the 2023 high is situated at 4.752%, this was also the highest print since late 2008.
  • Today, reference 92.23, would equate to 90.72.

CROSS ASSET: MONTH END EXTENSION (update)

Dec-24 08:21

This should be a non event for Year End, they are small, and only the lower liquidity could get Govies moving, but unlikely, as investors turn their attention to 2025.

Bloomberg Bonds:

  • US Tsys: +0.07yr (small, average).
  • EU Govies: +0.04yr (small).
  • UK Govies: -0.02yr (non event).

MS Bonds:

  • US Tsys: +0.05yr (small).
  • EU Govies: +0.03yr (small).
  • UK Govies: To contract (non event).

Barclays FX:

  • Their Quarter rebalancing model only shows a Weak Dollar Buying signal.