BOBL: Block trade

Feb-17 13:27

Bobl Block trade, suggest seller:

  • OEH3 3k at 116.09

Historical bullets

STIR: BLOCK, Short Mar/Front May SOFR Put Spd Spd

Jan-18 13:16
  • 2,500 OQH3 95.00/95.62 put spds vs. SFRK3 94.75/95.00 put spds, 1.0 net, May over at 0810:31ET

US TSYS: Extending Gains Ahead Data

Jan-18 13:07

US Tsys breaking to the upside after holding narrow/higher range since the steady BoJ policy annc overnight. No obvious headline driver as stocks extend gains (ESH3 4023.75 high) before drawing some sell pressure. 30YY taps 3.5767% low, yield curves holding flatter:

  • 3M10Y -16.454, -123.105 (L: -125.348 / H: -111.684)
  • 2Y10Y -4.194, -70.537 (L: -71.205 / H: -64.813)
  • 2Y30Y -3.463, -58.294 (L: -59.177 / H: -53.956)
  • 5Y30Y -0.298, 3.498 (L: 2.413 / H: 4.622)

PIPELINE: Foreign Bank US$ Issuance Continues

Jan-18 12:50

Foreign banks keep US$ debt issuance rolling along, domestic banks post earnings:

  • Date $MM Issuer (Priced *, Launch #)
  • 01/18 $Benchmark JBIC 3Y SOFR+62
  • 01/18 $500M OPEC Fund 3Y SOFR+90
  • 01/18 $Benchmark CADES 3Y SOFR+39
  • 01/18 $Benchmark First Abu Dhabi Bank (FAB) 5.25Y +130a
  • 01/18 $Benchmark Serbia +5Y, 10Y investor calls
  • Expected Thursday
  • 01/19 $1B Council of Europe Dev Bank (CoE) WNG 5Y SOFR+41a
  • $11.25B Priced Tuesday
  • 01/17 $6B *Morgan Stanley $1.5B 4NC3 +120, $2.5B 6NC5 +153, $2B 15NC10 +243

  • 01/17 $3B *Bank of America 4NC3 +120 (drops SOFR leg)
  • 01/17 $1.65B *Target $500M 10Y +90, $1.15B 30Y +115

  • 01/17 $600M *Woori Bank 5Y +135
  • 01/17 $Benchmark Israel Discount Bank 5Y investor calls