JET FUEL: Chinese Lunar New Year Set to Stage Jet Fuel Recovery

Jan-11 16:02




source: Bloomberg

Historical bullets

OPTIONS: Expiries for Dec13 NY cut 1000ET (Source DTCC)

Dec-12 15:54
  • EUR/USD: $1.0450(E752mln), $1.0500(E717mln), $1.0550-55(E1.3bln), $1.0600-15(E1.3bln)
  • AUD/USD: $0.6750(A$613mln), $0.6800(A$708mln)
  • USD/CAD: C$1.3700($674mln)

PIPELINE: JPM 3NC2 on Tap

Dec-12 15:46

JP Morgan revives high-grade corporate bond issuance largely absent this month.

  • Date $MM Issuer (Priced *, Launch #)
  • 12/12 $Benchmark JP Morgan 3NC2 +130a
  • 12/06-12/09 No new issuance since Monday
  • $4.75B Priced Monday
  • 12/05 $2.5B *Energy Transfer $1B +5Y +175, $1.5B +10Y +215
  • 12/05 $1B *Duke Energy $500M 3Y +88, $500M 5Y +123
  • 12/05 $1.25B *RBC 3Y SOFR+85
  • 12/01-/02 No new $Benchmark issuance Thursday or Friday

US TSY FUTURES: Tsy Support Evaporates

Dec-12 15:11

US Tsy futures support evaporates last 10 minutes - again, no obvious headline driver again - US FI appear to be following Gilts and Bunds reversing support. Tsy yield curves off lows:

  • 3M10Y +0.563, -71.548 (L: -79.909 / H: -70.814)
  • 2Y10Y -0.226, -77.452 (L: -81.216 / H: -76.548)
  • 2Y30Y +0.181, -78.979 (L: -84.438 / H: -78.486)
  • 5Y30Y +1.024, -20.292 (L: -23.952 / H: -20.142)