EU TRANSPORTATION: Deutsche Post | FINAL
May-28 11:39
(DHLGR; A2/NR/A-)
Books firmed up from €2.5b, deal upsized from exp. €750m.
- €900m 7y +83 vs. FV +74 (9bp NIC)
- -32 from IPT, books > €2.7b
- retail/1k denominations, 3m par call, CoC, clean up (80%)
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EURIBOR OPTIONS: Mid-curve Put Spread Seller
Apr-28 11:34
From a little earlier: 2RZ5 97.25/97.00 put spread, paper sells for 2.75 on 10k.
OUTLOOK: Price Signal Summary - Key Resistance In Bunds Remains Exposed
Apr-28 11:31
- In the FI space, Bund futures continue to trade just below their recent highs. A bull cycle remains in play and the pullback between Apr 7 - 9 is considered corrective. Attention is on resistance at 132.03, the Apr 7 high and a bull trigger. Clearance of this level would confirm a resumption of the uptrend and open 132.56, the Feb 28 high. Firm support lies at 130.64, the 20-day EMA.
- Gilt futures traded higher last week. The climb marks an extension of the recovery that started Apr 9 and the rally cancels a recent bearish theme. 92.63, the Apr 8 high, has been breached, exposing 93.44, the 76.4% retracement of the Apr 7-9 sell-off. A break of this level would strengthen the current bull cycle and expose 94.50, the Apr 7 high and a key resistance. Support to watch is 92.22, the 20-day EMA.
EGB OPTIONS: Bund Put Spread Buyer
Apr-28 11:31
RXM5 130/129 put spread, paper pays 23 in 5.9k
