EM LATAM CREDIT: Colombia: FX Appreciation - Positive

Sep-24 17:42

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(COLOM; Baa3/BBneg/BB+neg) The government has been reportedly selling USD raised from its latest bo...

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PIPELINE: Corporate Bond Roundup: $1.05B SEB Launched

Aug-25 17:27
  • Date $MM Issuer (Priced *, Launch #)
  • 08/25 $1.05B #Skandinaviska Enskilda Banken AB (SEB) $750M 5Y +73, $300M 5Y SOFR+106

US: FED Reverse Repo Operation

Aug-25 17:24

RRP usage rises to $47.567B this afternoon from $36.275B Friday -- compares to $22.344B on Tuesday, Aug 19 - lowest since April 5, 2021. Total number of counterparties at 23. This year's high usage of $460.731B on June 30.

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US TSY FUTURES: Paring Losses, Curves Bull Flattening

Aug-25 17:15
  • Still weaker, Treasury futures are climbing off midday lows, curves bull flattening (2s10s -1.166 at 54.362, 5s30s -1.076 at 110.403).
  • Tsy Sep'25 10Y contract trading near NY open levels: TYU5 -3.5 at 112-01 vs. 111-27.5 low. Sights are on 112-15+, the Aug 5 high and the bull trigger. Clearance of this hurdle would resume the uptrend and pave the way for a climb towards 112-23 initially, the May 1 high.
  • Heavy volumes tied to robust rolling ahead Friday's First Notice when Dec'25 contracts take lead.