EU CONSUMER STAPLES: Couche-Tard: gives up on 7-Eleven acquisition (x2)
Jul-17 13:09
(ATDBCN: Baa1/BBB+) Equities firm, 36s -12 tighter....
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SOFR OPTIONS: Post-Data Flow
Jun-17 13:08
Call spread selling, conditional curve plays while underlying futures continue to scale back from post-data highs. White pack (SFRM5-SFRH6) trades steady to -.005. Projected rate cut pricing consolidates slightly from earlier levels (*) as follows: Jun'25 at 0.0bp, Jul'25 at -3.1bp (-3.6bp), Sep'25 at -18.2bp (-19.5bp), Oct'25 at -31.1bp (-32.6bp), Dec'25 at -47.3bp (-48.8bp).
- -10,000 0QZ5 97.50/97.62 call spds, 1.75 vs. 96.73/0.05%
- +2,500 SFRZ5 96.37/96.75 call spds vs. 0QZ5 97.25/97.50 call spd, 1.5 net/steepener
- +2,500 SFRN5 95.37/95.68 put spds, .37
- -4,000 SFRU5 95.68/95.81/96.25/96.37 call condors, 5.25 ref 95.875
EQUITIES: Lloyd's outright call seller
Jun-17 13:07
LLOY (20th June) 68c, sold at 8.20 and 8 in 3k.
- This could be closing, there's 3k OI at that strike.
- Also noted Yesterday, there's £3.05bn worth of Notional Option Expiry for Friday in Lloyds.
CANADA DATA: Biggest Foreign Divestment Of Canadian Bonds Since 2018
Jun-17 13:00
- Foreign investors sold Canadian CAD9.4B Canadian securities in April, including CAD25.1b of bonds that was the largest divestment since Dec 2018. Bond decline largely due to debt retirements.
- Canadian investors purchased CAD4.1B of foreign securities in April.
YTD foreign investment in Canadian securities from Jan to April -CAD15.1B vs +CAD64.3B over the same period last year.
