EM LATAM CREDIT: Brazil Banks: Impact from Tax Changes
Jun-13 15:41
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"Fitch Ratings: Brazilian Financial Tax Changes Impact Fintechs but Effects Banks Less" - Fitch Ratings
Fitch views potential legislation as less damaging for banks given their size, diversification and lower funding costs as well as being able to pass along costs to clients.
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FED: US TSY 17W BILL AUCTION: HIGH 4.240%(ALLOT 92.41%)
May-14 15:32
- US TSY 17W BILL AUCTION: HIGH 4.240%(ALLOT 92.41%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 34.43% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 4.51% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 61.06% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 3.28
US TSY FUTURES: BLOCK, Jun'25 5Y Sale
May-14 15:21
- -5,000 FVM5 107-13.5, sell through 107-13.75 post time bid at 1114:16ET, DV01 $320,000.
- The 5Y contract trades 107-13 last (-2.75).
STIR: BLOCK: Sep'25 SOFR Put Spread Sale
May-14 15:19
- -11,000 SFRU5 95.25/95.75 put spreads 5.0
