PIPELINE: Corporate Bond Update: $5B CBA 5Pt Launched

Mar-06 19:02

$17.1B to Price Thursday:

  • Date $MM Issuer (Priced *, Launch #)
  • 03/06 $5B Commonwealth Bank of Australia $750M 3Y +45, $1B 3Y SOFR+64, $500M 5Y +55, $1.5B 5Y SOFR+81, $1.25B 21NC20 +132
  • 03/06 $2.6B #GlaxoSmithKline 00M $2Y +35, $600M 2Y SOFR+50, $850M 5Y +55, $750M 10Y +70
  • 03/06 $1.8B *Celanese $700M 5NC2 6.5%, $1.1B 8NC3 6.75% (E750M 6NC2.5 also priced)
  • 03/06 $1.5B #First Citizens $500M 6NC5 +117, $1B 15NC10 +197
  • 03/06 $1.5B #Dominion Energy $800M 5Y +95, $700M 10Y +120
  • 03/06 $1.2B #Diamondback Energy 10Y +128
  • 03/06 $1B #PSEG $600M 5Y +87, $400M 10Y +112
  • 03/06 $700M #Verisk Analytics 10Y +100
  • 03/06 $600M #Evergy Kansas $300M WNG 3Y +73, $300M WNG 10Y +100
  • 03/06 $600M #IADB 5Y SFOR+39
  • 03/06 $600M #CSX 10Y +80

Historical bullets

USDJPY TECHS: Short-Term Trend Needle Points South

Feb-04 19:00
  • RES 4: 159.45 High Jul 12  
  • RES 3: 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing
  • RES 2: 158.08/87 High Jan 15 / 10 and the bull trigger 
  • RES 1: 155.72/156.75 20-day EMA / High Jan 23       
  • PRICE: 154.61 @ 16:44 GMT Feb 4
  • SUP 1: 153.72/34 Low Jan 27 / Low Dec 18  
  • SUP 2: 152.55 61.8% retracement of the Dec 3 - Jan 10 bull leg
  • SUP 3: 151.81 Low Dec 12   
  • SUP 4: 151.06 76.4% retracement of the Dec 3 - Jan 10 bull leg   

USDJPY is in consolidation mode. The primary trend condition is bullish, however, the Jan 27 move down highlights a stronger bear threat. The pair has breached the 50-day EMA and a trendline drawn from the Sep 16 ‘24 low. A resumption of the bear leg would open 152.55, a Fibonacci retracement point. Initial firm resistance is at 156.75, the Jan 23 high. Clearance of this hurdle would be a bullish development.        

PIPELINE: UPDATE Corporate Bond Issuance Update: $6.065B Foundry JV 5Pt Launched

Feb-04 18:52
  • Date $MM Issuer (Priced *, Launch #)
  • 02/04 $6.065B #Foundry JV $1B 6Y +120, $1.15B 8Y +150, $1.39B 11Y +160, $1.475B 12Y +170, $1.05B 14Y +180

PIPELINE: Corporate Bond Issuance Update: $4.065B Foundry JV 5Pt Launched

Feb-04 18:49
  • Date $MM Issuer (Priced *, Launch #)
  • 02/04 $6.065B #Foundry JV $1B 6Y +120, $1.15B 8Y +150, $1.39B 11Y +160, $1.475B 12Y +170, $1.05B 14Y +180
  • 02/04 $3B *EIB WNG 10Y +60
  • 02/04 $2.5B #NextEra Capital Energy $1.5B 30.5NC5.25 6.375%, $1B 30.5NC10.25 6.5%
  • 02/04 $2B *L-Bank $1B 2Y SOF+30, $1B 5Y SOFR+47
  • 02/04 $1.5B #BNG Bank 3Y SOFR+37
  • 02/04 $1.25B #BNY Mellon 6NC5 +62
  • 02/04 $1.1B #National Rural Utilities $600M 3Y +52, $500M 5Y +67
  • 02/04 $1B #Altria $500M 3Y +67, $500M 10Y +117
  • 02/04 $1B #National Fuel Gas $00M 5Y +118, $500M 10Y +147
  • 02/04 $800M #GATX $500M 10Y +102, $300M 2054 Tap +113
  • 02/04 $650M #Valero Energy 5Y +87
  • Expected to issue Wednesday:
    • 02/05 $1B KFW 4% 2026 TAP SOFR+20
    • 02/05 $Benchmark IDA 10Y SOFR+63a