EURIBOR OPTIONS: Call condor seller

Apr-05 14:04

ERU3 96.50/96.62/96.75/96.87c condor sold at 1.25 in 3k

Historical bullets

FRANCE T-BILL AUCTION RESULTS: 13/20/38/50-week BTFs

Mar-06 13:55
Type 13-week BTF 20-week BTF 38-week BTF 50-week BTF
Maturity Jun 3, 2023 Jul 26, 2023 Nov 29, 2023 Feb 21, 2024
Amount E2.596bln E1.398bln E399mln E1.77bln
Target E2.2-2.6bln E1.0-1.4bln E0-0.4bln E1.4-1.8bln
Previous E2.699bln E1.397bln

E1.799bln
Avg yield 2.825% 3.022% 3.189% 3.358%
Previous 2.690% 2.928%

3.240%
Bid-to-cover 2.4x 3.15x 5.53x 2.42x
Previous 2.11x 4.14x

2.26x
Previous date Feb 27, 2023 Feb 27, 2023

Feb 27, 2023

EGB OPTIONS: Schatz/Bund option flattener

Mar-06 13:55

RXM3 137/139/142c ladder, bought for 15 in 3k vs DUM3 105.70/105.80cs sold at 1.75 in 2k.

US: Biden's Pivot On D.C. Criminal Code Bill Creates Tension For Democrats

Mar-06 13:49

Senate Majority Leader Chuck Schumer (D-NY) is expected to setup a Senate vote on Wednesday on a Republican bill to block changes to D.C.'s criminal code.

  • The legislation, a play by Republicans to portray Democrats as soft on crime, passed the House on February 9 with 173 Democrat House Reps voting against it.
  • CNN: "At the time, the understanding among Democrats was that Biden opposed the bill – in no small part because of the White House statement saying it opposed it."
  • President Biden has since pivoted, saying he won’t veto the bill, paving the way for moderate Democrat Senators to approve the bill.
  • Axios: “The hostility threatens to damage the White House's relationship with House Democrats ahead of 2024, as Republicans force them to take votes on wedge issues that could come back to haunt the party on the campaign trail.”
  • A House Democrat said Biden, "is going to have a much harder time asking people to take tough votes after this."
  • A Democratic aide said of Biden: "'If you were going to do this, why not say before the vote to give us cover?'"