EU REAL ESTATE: Carmila: Long 7yr Guidance (CARDFP; NR/BBB/BBB+)

Oct-02 10:22

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* Guidance: EU300m (WNG) 7.25yr ms+140a * Books >EU2.5bn - leads * IPT: EU300m WNG 7.25yr ms+175a * ...

Historical bullets

SONIA OPTIONS: Large Call Spread buyer

Sep-02 10:20

SFIU6 97.40/97.50cs, bought for 0.75 in 20k.

US 10YR FUTURE TECHS: (Z5) Pullback Appears Corrective

Sep-02 10:14
  • RES 4: 113-06   2.236 proj of the Jul 15 - 22 - 28 price swing
  • RES 3: 113-00   Round number resistance  
  • RES 2: 112-28+ 2.000 proj of the Jul 15 - 22 - 28 price swing  
  • RES 1: 112-20+ High Aug 28 / 29 
  • PRICE:‌‌ 112-04+ @ 11:04 BST Sep 2
  • SUP 1: 111-31   20-day EMA
  • SUP 2: 111-18+ 50-day EMA
  • SUP 3: 111-13+ Low Aug 18 and a key support  
  • SUP 4: 110-25   Low Aug 1 

The trend outlook in Treasury futures is bullish and the latest pullback appears corrective. Last week’s gains delivered a print above 112-15+, the Aug 5 high and a bull trigger. A breach of this hurdle confirms a resumption of the bull cycle and paves the way for a climb towards the 113-00 handle. Moving average studies are in a bull-mode position, reinforcing a bull theme. First support to watch is 111-31, the 20-day EMA.

EGB SYNDICATION: Largest ever 7-year tranche; combined deal matches Jan size

Sep-02 10:10
  • Putting that Italian syndication size into context - the E13bln tranche is the largest ever for a 7-year (although we have seen two E13bln and one E14bln tranches for 10/10/15 year syndications - with the two E13bln seen this year).
  • The combined transaction size of E18bln matches the January size of E18bln (10-year and 20-year green).