US CREDIT SUPPLY: Bank of Montreal $Benchmark; 3NC2, 3NC2 FRN, 6NC5 FV
Sep-19 14:35
(Aa2/A+/AA-)
• IPT 3NC2 Fxd-to-FRN +75a FV: 45a
• IPT 6NC5 Fxd-to-FRN +100a FV: 65a
• IPT 3NC2 FRN : SOFR Equiv
• Ratings: Aa2/A-/AA- (expected)
• Issuer: Bank of Montreal (BMO)
• Format: SEC registered, senior unsecured
• Bookrunners: BMO (B&D), BofA, CA-CIB, NatWest Markets, UBS, WFC
• FV: BMO 5.717 9/28s at g47, BMO 5.511 6/31s at g66
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GILT AUCTION PREVIEW: On offer next week
Aug-20 14:30
The DMO has announced it will be looking to sell GBP5.0bln of the 4.375% Mar-28 Gilt (ISIN: GB00BSQNRC93) at its auction next Wednesday, August 27.
MNI: US EIA: CRUDE OIL STOCKS EX SPR -6.01M TO 420.7M AUG 15 WK
Aug-20 14:30
- US EIA: CRUDE OIL STOCKS EX SPR -6.01M TO 420.7M AUG 15 WK
- US EIA: DISTILLATE STOCKS +2.34M TO 116.0M IN AUG 15 WK
- US EIA: GASOLINE STOCKS -2.72M TO 223.6M IN AUG 15 WK
- US EIA: CUSHING STOCKS +0.42M TO 23.5M BARRELS IN AUG 15 WK
- US EIA: SPR +0.22M TO 403.4M BARRELS IN AUG 15 WK
- US EIA: REFINERY UTILIZATION WEEK CHANGE +0.2% TO 96.6% IN AUG 15 WK
US TSY FUTURES: BLOCK: Large Sep'25 2Y Sale Earlier
Aug-20 14:29
- Large 2Y sale lost in the mix earlier amid growing Sep/Dec roll volumes
- +23,900 TUU5 103-26.5, sale through 103-26.75 post time bid at 0928:10ET.
- Futures have rebounded since the print with the 2Y contract at early session high of 103-25.62 (+1.38).
