US NATGAS: Bergum Floats Shipping Gas from Alaska North Slope
Oct-24 17:34
US Secretary of the Interior Dough Burgam floated the idea of storing natural gas in Alaska's North ...
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US: FED Reverse Repo Operation
Sep-24 17:30
RRP usage bounces to $29.172B with 22 counterparties this afternoon from $14.402B Tuesday. Compares to $11.363B on Friday, September 16 - lowest level since early April 2021. The year's high usage stands at $460.731B on June 30.
PIPELINE: Corporate Bond Update: $18B Oracle 7Pt Launched
Sep-24 17:23
Latest 7pt Jumbo issuance from Oracle puts it near the bottom of a list of the top 20 largest issuance on record:
- Date $MM Issuer (Priced *, Launch #)
- 09/24 $18B #Oracle $3B 5Y +75, 5Y SOFR, $3B 7Y +90, $4B 10Y +105, $2.5B 20Y +115, $3.5B 30Y +125, $2B 40Y +137 (Compares to $7.75B Oracle issued over six tranches on January 30: $1.5B +3Y +57, $500M +3Y SOFR+76, $1.25B 7Y +87, $1.75B +10Y +97, $1.75B +30Y +122, $1B +40Y +135)
- 09/24 $1.5B #Georgia Power $750M 3Y +42, $250M 2031 Tap +57, $500M 30Y +77
- 09/24 $1.5B *CDP 5Y +68
- 09/24 $900M Windstream Services 8NC3
- 09/24 $600M CrossCountry Int 5NC2
- 09/24 $Benchmark Vesta +7Y +162.5
- 09/24 $Benchmark Couche-Tard 3Y +55, 10Y +93
- 09/24 $Benchmark Nissan Motor Acceptance 3Y 6%a, 5Y 6.5%a
- 09/24 $Benchmark NRG Energy 8.25NC3 +102, 10.25NC5 +127
US TSYS/SUPPLY: Review 5Y Auction: Small Tail
Sep-24 17:05
- Tsy futures show little reaction (FVZ5 at 109-10.75 from 109-10.5 at the cutoff) after the latest $70B 5Y note auction (91282CPA3) tails slightly: 3.710% high yield vs. 3.709% WI; 2.34x bid-to-cover vs. 2.36x prior.
- Peripheral stats: Indirect take-up slips to 59.42% from 60.48% prior, directs slip to 28.64% vs. 30.74% prior, while primary dealer take-up climbs to 11.94% vs. 8.78% prior.
- The next 2Y auction is tentatively scheduled for October 27.
