BTP: Block trade

Feb-17 08:47

BTP block, suggest seller:

  • IKH3 1.8k at 112.68.

Historical bullets

EURIBOR OPTIONS: Morning option trade

Jan-18 08:41
  • ERM3 96.12/96.37/97.00/97.25c condor, bought up to 19 in 5k.
  • ERM3 96.75/96.50/96.37p ladder vs 97.00c, bought the ladder for -0.5 in 6k.
  • ERJ3 96.75/97.00cs, bought for 7 in 12k.

GERMAN AUCTION PREVIEW: Dual-Line 30y Bund Auction

Jan-18 08:30

On offer today:

  • E1.0bln of the 0% Aug-50 Bund (ISIN: DE0001102481)
  • E1.5bln of the 1.80% Aug-53 Bund (ISIN: DE0001102614)

Timing: Results will be available shortly after the auction closes at 1030 GMT / 1130 CET.



See PDF below for full auction preview:



MNI Auction Preview Germany 230118.pdf

BONDS: OAT/Bund spread eye the December low

Jan-18 08:29
  • Peripheral spread are mixed, Spain and Portugal lean wider, Italy is flat, and Greece is 1.7bp tighter against the German 10yr.
  • Looking at OAT/Bund, the spread is 0.6bp tighter, but eye 43.17bps next, the December low.
  • A break below the latter, opens to the March 2022 low at 41.39bps.