PIPELINE: Corporate Bond Update: $4B Disney, $3B Cencora 5Pt Launched

Feb-10 18:18
  • Date $MM Issuer (Priced *, Launch #)
  • 02/10 $4B #Walt Disney $1B 3Y +28, $500M 3Y SOFR+47, $1.5B 5Y +40, $1B 10Y +58
  • 02/10 $3B #Cencora $500M 3Y +48, $500M -5Y +60, $500M 7Y +70, $1B 10Y +80, $500M 30Y +90
  • 02/10 $2.5B *Bank of England 3Y +5
  • 02/10 $1.25B #Sysco $600M +5Y +70, $650M 10Y +85
  • 02/10 $800M #Pulte Group $400M 5Y +62, $400M 10Y +87
  • 02/10 $750M #Alexandria Real Estate 10Y +115
  • 02/10 $750M #IADB 5Y SOFR+28
  • 02/10 $500M #Cousins Property 7Y +108
  • 02/10 $500M #Loews Corp 10Y +80
  • 02/10 $500M #Tyson 10Y +85
  • 02/10 $Benchmark Dominican Republic 8Y 6.1%a, 12.25Y 6.5%a

Historical bullets

AUSSIE 3-YEAR TECHS: (H6) Recovery Mode

Jan-10 22:45
  • RES 3: 97.796 - 1.618 proj of the Sep 3 - 12 - 15 price swing
  • RES 2: 96.780 - High Jun 26 (cont)
  • RES 1: 96.700 - High Sep 12  
  • PRICE: 95.890 @ 16:40 GMT Jan 9
  • SUP 1: 95.740 - Low Dec 22
  • SUP 2: 95.480 - Low 1st Nov ‘23
  • SUP 3: 94.932 - 1.0% 10-dma envelope

Prices bounced again Thursday, supported by strength in global bond markets and a smoother inflation picture at the December CPI print. As such, prices edged further away from recent lows. Nonetheless, slower pricing for additional RBA easing - and partial pricing for a return to rate hikes in 2026 - should keep the front-end of the curve under pressure. This keeps prices well below prior resistance at 96.615, the Sep 12 high, and refocuses attention on 95.480 as the next major support. 

MNI: MNI TEST 02, Please Ignore

Jan-09 23:36

Test Test TEST

MNI: MNI Test, Please Ignore

Jan-09 23:30

Test, ignore