EU CREDIT SUPPLY: BMO: IPT

Aug-28 07:47

You are missing out on very valuable content.

"*IPT: BANK OF MONTREAL BENCHMARK 6NC5 UKT+110 AREA" - BBG...

Historical bullets

US: Trump Post on North Sea Oil

Jul-29 07:45

Donald J. Trump

@realDonaldTrump

North Sea Oil is a TREASURE CHEST for the United Kingdom. The taxes are so high, however, that it makes no sense. They have essentially told drillers and oil companies that, “we don’t want you.” Incentivize the drillers, FAST. A VAST FORTUNE TO BE MADE for the UK, and far lower energy costs for the people!

BUNDS: Testing Intraday low, Heavy volumes goes through in ERZ5

Jul-29 07:32
  • A new intraday low for Bund, but very little in term of size flow going through, in fact the volumes for this time of the day are way below averages.
  • The Bobl supply is heavy and has been helping some of the small downside early flows.
  • The most notable size going through is in the ERZ5, sold in 10k, and this expiry already trades 3 times the rest of the White strip.
  • No Block trade have printed in ERZ5.

EURIBOR: Record Volume day in the Calendar spread Yesterday

Jul-29 07:21
  • We noted some notable early flow in the Blue (Euribor) ERH9/M9 calendar spread, being sold down to 4.5 from a 5.5 record high printed last Week, and also a massive day in the ERM7/U7 spread seller at 7.5.
  • While the Volume is those Calendar spreads are non existent today, the chart clearly shows a record day in the ERM7/ERU7 Yesterday.
  • Also note that plenty more were done on legs, so not showing in that total outright volume.

(Chart source: Bloomberg Finance LLP/MNI).

ERM7ERU7 Comdty (EURO EURIBOR SP 2025-07-29 08-12-44