PIPELINE: Corporate Bond Roundup: Updated Guidance

Nov-05 17:42

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* Date $MM Issuer (Priced *, Launch #) * 11/05 $3B #Indonesia $500M 3Y 5.45%, $1M 5Y 5.85%, $2.5B 10...

Historical bullets

LOOK AHEAD: Wednesday Calendar: September FOMC Minutes, 10Y Note Auction Re-Open

Oct-06 17:37
  • US Data/Speaker Calendar (prior, estimate). All times ET
  • 10/07 0700 MBA Mtg Applications (-6.0%, --)
  • 10/07 1100 NY Fed 1-Yr Inflation Expectations (3.58%, 3.64%)
  • 10/07 1130 US Tsy $75B 17W bill auction
  • 10/07 1300 US Tsy $39B 10Y Note auction re-open (91282CRF0)
  • 10/07 1400 FOMC Meeting Minutes for September
  • 10/07 1500 Consumer Credit ($18.062B, $15.0B)
  • Source: Bloomberg Finance L.P. / MNI

GBPUSD TECHS: Bearish Trend Structure

Oct-06 17:30
  • RES 4: 1.3599 High Aug 28
  • RES 3: 1.3568 High Sep 9 
  • RES 2: 1.3398 50-day EMA
  • RES 1: 1.3311/1.3327 High Sep 30 / 20-day EMA
  • PRICE: 1.3279 @ 16:02 BST Oct 06
  • SUP 1: 1.3181 Low Oct 01
  • SUP 2: 1.3140 Low Jun 24 and a key M/T support
  • SUP 3: 1.3096 Low Nov 25 ‘25
  • SUP 4: 1.2984 50.0% retracement of the Jan 13 ‘25 - Jan 27 bull leg  

The trend structure in GBPUSD remains bearish, despite the bounce in prices on Tuesday. The fresh cycle low last Thursday confirmed a flag formation - a bearish continuation signal that reinforces current trend conditions - on the daily chart. Note that moving average studies are in a bear-mode position, highlighting a dominant downtrend. Scope is seen for an extension towards 1.3140, the Jun 24 low and the next key support. Resistance at the 20-day EMA is at 1.3327.           

PIPELINE: Corporate Bond Update: $3.25B Corporate Debt To Price Tuesday

Oct-06 17:23
  • Date $MM Issuer (Priced *, Launch #)
  • 10/06 $1.5B #CSLB Holdings $500M 7Y +80, $1B 10Y +93
  • 10/06 $1.05B #Nationwide $750M 3Y +67, $300M 3Y SOFR+84
  • 10/06 $1B #Deutsche Bank WNG 4NC3 +90
  • 10/06 $700M #Atmos Energy 10Y +78
  • 10/06 $Benchmark Cantor Fitzgerald investor calls
  • Expected Wednesday:
  • 10/07 $Benchmark IADB 4Y SOFR+31a