EM LATAM CREDIT: Ecuador: Market Impact - Positive

Oct-23 17:12

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(ECUA; Caa3/B-/CCC+) "Ecuador Bonds Jump on Plans for Debt-for-Nature Swap in 2026" - Bbg...

Historical bullets

US TSYS/SUPPLY: Review 2Y Note Auction: On the Screws

Sep-23 17:04
  • Little reaction in Tsy futures after the latest $69B 2Y note auction (91282CPB1) comes out on the screws: 3.571% high yield vs. 3.571% WI; 2.51x bid-to-cover vs. 2.69x prior.
  • Peripheral stats: Indirect take-up at 57.75% from 57.09 prior, directs recede to 30.77% vs. 33.16% prior, primary dealer take-up up to 11.49% vs. 9.74% prior.
  • The next 2Y auction is tentatively scheduled for October 27.

SECURITY: *KHAMENEI: TALKS WITH US WOULD CAUSE SIGNIFICANT HARM TO IRAN

Sep-23 17:03

*KHAMENEI: TALKS WITH US WOULD CAUSE SIGNIFICANT HARM TO IRAN
Source: bbg

FED: US TSY 2Y NOTE AUCTION: HIGH YLD 3.571%; ALLOTMENT 85.19%

Sep-23 17:02
  • US TSY 2Y NOTE AUCTION: HIGH YLD 3.571%; ALLOTMENT 85.19%
  • US TSY 2Y NOTE AUCTION: DEALERS TAKE 11.49% OF COMPETITIVES
  • US TSY 2Y NOTE AUCTION: DIRECTS TAKE 30.77% OF COMPETITIVES
  • US TSY 2Y NOTE AUCTION: INDIRECTS TAKE 57.75% OF COMPETITIVES
  • US TSY 2Y AUCTION: BID/CVR 2.51