EM LATAM CREDIT: Colombia President Replaces Commerce Secretary: Neutral

Jun-05 12:13

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(COLOM; Baa2neg/BB+neg/BB+neg) "Diana Marcela Morales is the new Minister of Commerce, Industry, an...

Historical bullets

SONIA: Put spread buyer

May-06 12:09

SFIM5 98.95/95.85ps, bought for 3 in 3k.

GILTS: Early Range In Futures Intact, Curve Twist Steepens

May-06 12:05

There was also a muted reaction in gilts to the latest round of EU-U.S. trade headlines, although fresh weakness in U.S. e-mini futures seems to lend some background support to gilts. Futures remain in the range establish in the first 30 minutes of trade.

  • Initial support and resistance of note at 91.73 & 93.93, with this morning’s breach of the 50-DMA providing an extension of the recent bearish impulse in the contract, albeit with the bullish cycle in the contract intact.
  • Yields 2bp lower to 3bp higher, curve twist steepens.

STIR: Repo Reference Rates

May-06 12:00
  • Secured Overnight Financing Rate (SOFR): 4.33% (-0.03), volume: $2.632T
  • Broad General Collateral Rate (BGCR): 4.31% (-0.02), volume: $1.072T
  • Tri-Party General Collateral Rate (TCR): 4.31% (-0.02), volume: $1.026T
  • (rate, volume levels reflect prior session