EQUITIES: DJIA E-Minis Pressured By UNH Earnings
Apr-17 10:08
Notable weakness in DJIA e-minis since UnitedHealth registered disappointing Q1 earnings and marked their FY adjusted EPS guidance lower.
- The name is indicated 11% lower pre-market.
- UnitedHealth has the highest weighting in the DJIA, representing 9.07% of the index. That explains the weakness in the e-mini contract (now -0.32%), while S&P 500 and NASDAQ 100 e-minis are little comparatively little changed since the news (last +0.74% and +1.04%, respectively).
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GILT AUCTION RESULTS: Decent 3-year auction
Mar-18 10:08
- The LAP (lowest accepted price) exceeded the pre-auction mid-price for the 3-year 4.375% Mar-28 gilt- albeit due to the concession pricing ahead of the bidding window closing.
- There was a healthy bid-to-cover of 3.27x.
- The price moved marginally off the lows of the day after the auction results were published.
US: SOFR FIX - 18/03/25
Mar-18 10:05
SOFR FIX - Source BBG/CME
- 1M 4.31937 0.00259
- 3M 4.30469 0.0094
- 6M 4.21726 0.01746
- 12M 4.06520 0.03422
IRELAND BOND AUCTION PREVIEW: On offer this week
Mar-18 10:04
Ireland has announced it will be looking to sell a combined E1.0bln of the following at its auction this Thursday, March 20:
- the 2.60% Oct-34 IGB (ISIN: IE000LQ7YWY4)
- the 1.70% May-37 IGB (ISIN: IE00BV8C9B83)
