BUNDS: Block trade

May-25 11:14

Bund block suggest seller:

  • RXM3 2k at 133.64.

Historical bullets

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