EM LATAM CREDIT: Brazil: After the Verdict - Negative

Sep-05 17:23

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(BRAZIL; Ba1/BB/BB) "AQ Podcast | Brazil: Bolsonaro's Trial Begins" - Americas Quarterly Journalis...

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PIPELINE: Corporate Bond Update: BMW 4Pt Guidance Updated

Aug-06 17:13
  • Date $MM Issuer (Priced *, Launch #)
  • 08/06 $1B Cloud Software Group 8NC3 
  • 08/06 $Benchmark BMW US 2Y +50, 2Y SOFR+71, 5Y +75, 10Y +100
  • 08/06 $Benchmark Oneok 7Y +103, 10Y +122, 30Y +147
  • 08/06 $900M #American Water Capital 30Y +90
  • 08/06 $700M Match Group 8NC3
  • 08/06 $500M #PPL Electric WNG 30Y +77
  • 08/06 $800M #Extra Space Storage +7Y +100

US: Trump Says Witkoff Had "Highly Productive" Meeting With Putin

Aug-06 17:05
  • Trump on Truth Social: "My Special Envoy, Steve Witkoff, just had a highly productive meeting with Russian President Vladimir Putin. Great progress was made! Afterwards, I updated some of our European Allies. Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come. Thank you for your attention to this matter!"

US TSYS/SUPPLY: Review 10Y Auction Tailed

Aug-06 17:04
  • Treasury futures dip slighly (TYU5 -7 at 112-07.5, 4.2375% yld) after the $42B 10Y note auction (91282CNT4) tailed 1bp: drawing 4.255% high yield vs. 4.245% WI; 2.35x bid-to-cover vs. 2.61x prior.
  • Peripheral stats: indirect take-up slips to 64.23% vs. 65.42% prior; direct bidder take-up at 19.61% from 23.70% prior; primary dealer take-up rises to 16.87% vs. 10.87% prior.
  • The next 10Y auction (re-open) is tentatively scheduled for September 10.