IRAN: Bonds Bid, Oil Slips as Sky News Arabia Says Iran Ready to Abandon Nuclear

Mar-05 09:11

Sky News Arabia's official X account reporting: "Iranian Deputy Foreign Minister: Iran is ready to abandon its nuclear program on condition that the United States presents a satisfactory alternative offer."

  • That's not being confirmed by any other wires or sources at present - but it is triggering some upside in bonds and downside in oil prices here. Looking for further details. 

Historical bullets

US TSY OPTIONS: TYH6 111.50 Puts Sold

Feb-03 09:09

Early London trade in TYH6 111.50 puts sees ~5K given at 0-22 over a few clips.

STIR: IRZ6/H7 Steepener Flow

Feb-03 09:08

IRZ6/H7 paper paid 1 on ~2K, steepener flow after the hawkish hike from the RBA. A reminder that 3 of the big 4 Australian banks now expect the Bank to deploy a follow up hike in May (ANZ the dovish outlier, with no further hikes forecast for ’26).

EGB SYNDICATION: Italy 15-year Benchmark: Spread Set

Feb-03 09:01
  • Spread set at BTPS 3.85 10/01/40 + 8 bps (Guidance was 3.85% Jan-40 BTP +10bps area)
  • Size: EUR Benchmark (MNI expects E10-13bln)
  • Maturity:      1 October 2041
  • Settlement:    10 February 2026 (T+5)
  • Coupon: Short first on 1 April 2026
  • Books in excess of €135bn pre-rec including €7.25bn of JLM interest
  • ISIN: TBC
  • Bookrunners: BBVA/BofA/Citi(DM/B&D)/Deutsche Bank/GSBE SE/J.P. Morgan
  • Timing: Books to close 10.45 CET / 9.45 UKT