EMISSIONS: EC Disburse €3.66bn From EU ETS Revenue To Support Nine Member States
Jul-03 15:06
The EC and EIB have disbursed 3.66bn from the Modernisation Fund, funded by EU ETS revenue, to suppo...
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US TSYS/OVERNIGHT REPO: SOFR Remains Elevated Amid Coupon Settlement Impact
Jun-03 14:59
Secured rates remained slightly elevated Monday with SOFR at 4.35%, unchanged from Friday's month-end figure.
- Large Treasury net cash raising (via coupon auction settlements of a net $94.5B) will have kept rates underpinned (indeed even a slight uptick in rates may well have been expected), though BGCR and TGCR dipped 2bp apiece.
- Tuesday (today) should see rates subside, both with month-end out of the way and $24B in Treasury bill paydowns.
REPO REFERENCE RATES (rate, change from prev. day, volume):
* Secured Overnight Financing Rate (SOFR): 4.35%, no change, $2771B
* Broad General Collateral Rate (BGCR): 4.32%, -0.02%, $1080B
* Tri-Party General Collateral Rate (TGCR): 4.32%, -0.02%, $1046B
New York Fed EFFR for prior session (rate, chg from prev day):
* Daily Effective Fed Funds Rate: 4.33%, no change, volume: $113B
* Daily Overnight Bank Funding Rate: 4.33%, no change, volume: $271B
US TSY OPTIONS: Large 10Y At-the-Money Put Buy
Jun-03 14:55
- over +28,500 TYN5 110.5 puts, paying 37 ref 110-17, total volume over 39,500 ref 110-18.5
- 0.48% delta and appr 6.48% implied vol on options that expire June 20.
ECB: MNI ECB Preview: The Last Consecutive Cut?
Jun-03 14:52
- We have published and e-mailed to subscribers the MNI ECB Preview, including MNI analysis plus views from 30 analysts on what to expect at this month's meeting.
- Please find the full report here: https://media.marketnews.com/ECB_Preview_Jun2025_237e09f59f.pdf
