EM CEEMEA CREDIT: Bulgaria (BGARIA): PM to Resign

Dec-11 12:23

(BGARIA; Baa1/BBB+/BBB+)

  • Just weeks before joining the Eurozone, budget protests add to political uncertainty. One to watch. Our screen feeds show no spread move for EUR denom. BGARIA 35s (source: Bloomberg).

    "*BULGARIAN PM TO RESIGN AMID BUDGET PROTESTS BEFORE EURO ENTRY" - BBG

Historical bullets

SONIA OPTIONS: Latest Option trades

Nov-11 12:16
  • SFIX5 96.20/96.25/96.30/96.35c condor, sold at 4.25 in 3.5k.
  • SFIM6 96.85/97.00/97.15c fly x2 vs 96.30/96.00ps, bought the fly for -0.25 in 7.5k x 3.75k.

EQUITY OPTIONS: EU Bank Call Spread

Nov-11 12:04

SX7E (19th dec) 250/260cs, bought for 2.35 in 3k.

SOFR OPTIONS: BLOCK: Dec25 SOFR Call Spread

Nov-11 12:04
  • 10,000 SFRZ5 96.50/96.62 call spds, 0.25 at 0630:11ET