MNI: BOC AFFIRMS QT IS SEEN ENDING SOMETIME IN 2025

Jun-13 13:35



  • BOC AFFIRMS QT IS SEEN ENDING SOMETIME IN 2025
  • BOC TO PUBLISH REVIEW OF COVID ERA POLICIES EARLY NEXT YR
  • BOC REITERATES MORE RATE CUTS COMING IF CPI KEEPS FADING

Historical bullets

US TSY FUTURES: BLOCK, Jun'24 5Y

May-14 13:30
  • 7,000 FVM4 105-24.5, post time bid at 0923:00ET, DV01 $293,000. Contract trades 105-24.75 last +3.5

EQUITIES: US Cash opening calls

May-14 13:25

Given the reversal across multi cross assets, including Equity futures, US Open should be more stable, closer to flat.

  • Calls: SPX: 5,226.5 (+0.1%); DJIA: 39,457 (+0.1%/+25pts); NDX: 18,194.9 (-0.0%).

EGB SYNDICATION: Italy 2037 BTP Green: Priced

May-14 13:23
  • EU9b Green Fixed (Oct. 30, 2037) at BTPS+9
    • Guidance BTPS+11 area
    • Reoffer price 99.865 to yield 4.104%
    • Benchmark: BTPS 0.95% 03/01/37
    • Books above EU84b (including JLM interest): Leads
    • Coupon: 4.05%, semi-annual, act/act
  • Issuer: Italy Buoni Poliennali Del Tesoro (BTPS)
  • Ratings: Baa3/BBB/BBB
  • Format: Reg S, dematerialized, registered, senior unsecured, 144a eligible, CAC,, green bond
  • UOP: In accordance with Italy’s Framework for the Issuance of Sovereign Green Bonds
  • Settlement: May 21, 2024
  • Denoms: 1k x 1k
  • ISIN: IT0005596470
  • Bookrunners: BNPP, CA-CIB, DB (B&D), NatWest Markets, UniCredit
  • Full first coupon on 30 October 2024 accruing from 30 April 2024
  • FTT: 2:20pm London
  • Target Market: Eligible counterparties, professional clients and retail clients (all distribution channels)
  • Details as per Bloomberg