BUNDS: Block trade
May-25 11:14
Bund block suggest seller:
- RXM3 2k at 133.64.
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EGB SYNDICATION: Finland 10-year RFGB mandate
Apr-25 11:03
"The Republic of Finland has mandated BNP PARIBAS, CITI, CREDIT AGRICOLE CIB, DEUTSCHE BANK and NOMURA to lead manage its forthcoming EUR 3bn (no-grow) long 10-year benchmark transaction. The transaction will have a 15 September 2033 maturity and is expected to be launched in the near future subject to market conditions."
From market source
- MNI expects the transaction to take place tomorrow.
OUTLOOK: Price Signal Summary - Short-Term Gains In Bunds Are Considered Corrective
Apr-25 11:02
- In the FI space, Bund futures maintain a bearish tone. Recent weakness resulted in a break of the 20-day EMA, at 134.81, and a key short-term support at 134.70 has been cleared, Mar 31 low. The focus is on 132.70, 76.4% retracement of the Mar 2 - 20 rally. A move above 138.09, the Apr 6 high, is required to reinstate a stronger bullish theme. Initial firm resistance is seen at the 20-day EMA and short-term gains are considered corrective.
- Gilt futures remain in a downtrend and recent short-term gains are considered corrective. Price has recently breached support at 102.74, the Mar 31 low and a bear trigger. The extension lower has also resulted in a test of the 100.00 handle. A continuation lower would open 99.55, the Mar 8 low ahead of 99.20, the Feb 28 low and a key support. Initial resistance is seen at 101.40, today’s intraday high.
LIBOR: US FIX - 25/04/23
Apr-25 10:58
- O/N 4.80071 -0.007
- 1M 5.01771 0.00157
- 3M 5.29157 0.02343
- 6M 5.40586 -0.02814
- 12M 5.37300 -0.05471
