SONIA: Call spread buyer

Feb-10 10:35

SFIK3 95.95/96.05cs, bought for 1.75 in 3.88k

Historical bullets

GERMAN AUCTION RESULTS: 2.30% Feb-33 Bund

Jan-11 10:34
2.30% Feb-33 Bund* Previous
ISIN DE000BU2Z007 DE0001102606
Allotted E4.508bln E2.391bln
Avg yield 2.25% 1.95%
Bid-to-offer 1.26x 1.56x
Bid-to-cover 1.40x 1.96x
Average Price 100.41 97.77
Low acc. Price 100.38 97.76
Pre-auction mid 97.730
Previous date 30-Nov-22
Total sold E5bln E3bln

CROSS ASSET: Govies fade off their session highs

Jan-11 10:20
  • Some unwind in the Euribor strip and Govies.
  • Schatz block seller: DUH3 5.55k at 105.72.
  • But there's no stopping Equities, as Estoxx (VGH3) test the 4100.00 handle.
  • Further upside traction would open to 4132.60 76.4/% of the Nov ‘21 - Oct ‘22 bear leg (cont)
  • VGH3 lifted in 5k and Dax in 1k.
  • Emini (ESH3) sees next resistance at 3973.25 High Jan 9
  • The Dollar is back at being mixed against G10s, AUD leads, up 0.35%, and the SEK is down 0.36%

ITALY T-BILL AUCTION RESULTS: 12-month BOTs

Jan-11 10:11
Type 12-month BOT
Maturity E7bln
Amount E7bln
Target E7bln
Previous E6bln
Avg yield 3.086%
Previous 2.669%
Bid-to-cover 1.39x
Previous 1.42x
Previous date Dec 09, 2022