CZECHIA: CNB Creates Test Portfolio of Digital Assets
Nov-13 12:05
- According to a statement on its website, the CNB has purchased digital assets for the first time in its history. The purchase was made outside its existing international reserves. Through this USD 1mn investment, the CNB has created a test portfolio of digital assets based on blockchain.
- In addition to bitcoin, the portfolio will include a test investment in the form of a USD stablecoin and a tokenised deposit on the blockchain.
- The total amount invested will not be actively increased. The purpose of the portfolio is to gain practical experience with holding digital assets and to implement and test the necessary related processes.
Full statement here.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FINLAND: Government agrees to debt brake from 2026
Oct-14 11:53
- Bloomberg is reporting that Finnish party leaders have agreed to introduce the debt break from 2026.
- This has been debated for some time (see this story on the government website in June).
- Yle (Finnish national public service broadcasting company) reported a sources story on this 2 hours ago noting that "the proposed model would be to reduce it in the short-to-medium term to 60 percent, from the current level of just over 88 percent, and eventually to about 40 percent."
- The story notes that "parties will jointly decide at the beginning of each parliamentary term on the goals for reducing debt over the next four and eight years."
- The sources story also stated that "sources from the opposition Left Alliance told Yle that the party would not support the agreement — citing the "overly ambitious" debt-to-GDP ratio targets as one of the main reasons."
- At this point it is unclear exactly what the targets that have been agreed by the government are - and whether they match those cited in the Yte story.
GILT SYNDICATION: 5.25% Jan-41 gilt: Priced (with details)
Oct-14 11:51
- Reoffer:101.621 to yield 5.0969%
- Spread set earlier at 4.375% Jan-40 Gilt + 8.0bps (Guidance was +8/8.5bps)
- Size: GBP9bln (above the GBP4.0-8.5bln MNI expected - although we had noted the top half of that range was likely).
- Orderbooks closed in excess of GBP128bln (including JLM interest of GBP7bln)
- Hedge ratio: 110% vs 4.375% Jan-40 gilt. Spot ref 93.50 / 5.0169%, hedge at 93.501
- Maturity: 31 Jan 2041
- Settlement: 15 Oct 2025 (T+1)
- Coupon: 5.25% (short first)
- ISIN: GB00BVP99897
- JLMs: BofA / Barclays / DB / MS (B&D/DM) / RBC CM
- Timing: TOE 12:45BST. FTT immediately
Source: Market source and MNI colour
GILT SYNDICATION: 5.25% Jan-41 gilt: Priced
Oct-14 11:48
- Reoffer:101.621 to yield 5.0969%
- Spread set earlier at 4.375% Jan-40 Gilt + 8.0bps (Guidance was +8/8.5bps)
- Size: GBP9bln (above the GBP4.0-8.5bln MNI expected - although we had noted the top half of that range was likely).
- Orderbooks closed in excess of GBP128bln (including JLM interest of GBP7bln)
- Hedge ratio: 110% vs 4.375% Jan-40 gilt
- Maturity: 31 Jan 2041
- Settlement: 15 Oct 2025 (T+1)
- Coupon: 5.25% (short first)
- ISIN: GB00BVP99897
- JLMs: BofA / Barclays / DB / MS (B&D/DM) / RBC CM
- Timing: Hedge deadline 12:00BST
Source: Market source and MNI colour
Trending Top
Mar-27 20:13
