PIPELINE: Corporate Bond Roundup: $2.7 PetSmart 2Pt Launched

Aug-08 15:56
  • Date $MM Issuer (Priced *, Launch #)
  • 08/08 $2.7B #PetSmart Inc $1.95B 7NC3 7.5%, $750M 8NC3 10%
  • 08/08 $750M WR Grace Holdings 7NC3 6.625% (upsized from $500M)
  • $11.45B Priced Thursday, $47.675B/wk

Historical bullets

LOOK AHEAD: Thursday Data Calendar: MNI Hosts SF Fed Daly Weekly Claims, 30Y R/O

Jul-09 15:53
  • US Data/Speaker Calendar (prior, estimate)
  • 07/10 0830 Initial Jobless Claims (233k, 235k)
  • 07/10 0830 Continuing Claims (1.964M, 1.965M)
  • 07/10 0900 StL Fed Musalem moderated discussion on economy
  • 07/10 1130 US Tsy $80B 4W, $70B 8W bill auctions
  • 07/10 1300 US Tsy $22B 30Y Bond auction re-open (912810UK2)
  • 07/10 1430 MNI Hosts SF Fed Daly economic outlook 
  • Source: Bloomberg Finance L.P. / MNI

OPTIONS: Larger FX Option Pipeline

Jul-09 15:51
  • EUR/USD: Jul11 $1.1700(E1.2bln), $1.1770(E2.3bln); Jul14 $1.1600-15(E2.1bln), $1.1725-40(E1.8bln) $1.1800($1.5bln)
  • AUD/USD: Jul15 $0.6480-00(A$1.6bln)
  • USD/CAD: Jul11 C$1.3700-15($1.1bln)

TARIFFS: Pres Trump Publishes Latest US Tariff Rates On 6 Countries

Jul-09 15:44

US President Trump announces tariff rates (via the now-usual Truth Social "letters") on:

  • the Philippines (20%, vs 17% reciprocal tariff announced on "Liberation Day")
  • Moldova (25% vs 31%)
  • Algeria (30%, unchanged)
  • Brunei (25%, vs 24%)
  • Iraq (30% vs 39%)
  • Libya (30% vs 31%)