POWER: EdF Revises Up Cost Estimates for EPR Programme

Dec-18 13:48

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EdF said on Thursday that the construction of the six new EPR2 nuclear reactors will cost up to 72.8...

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SOFR OPTIONS: Dec'25 SOFR Call Fly, Call Condor Block Add

Nov-18 13:46
  • +30,000 SFRZ5 96.25/96.37/96.50 call flys, 3.25
  • Recent block, -5,000 SFRZ5 96.18/96.25/96.31/96.37 call condors, 1.5 ref 96.19 - adds to appr 7,500 on screen overnight

US DATA: Weekly ADP Sees Another Decline Heading Into November

Nov-18 13:42
  • The ADP NER Pulse reports -2.5k private sector jobs lost over the four weeks to Nov 1 on a week-on-week basis.
  • It follows a downward revised -14.25k (-11.25k) in the previous week to Oct 25 and 4.75k (6.25k previously) in the week to Oct 18.
  • Whilst not as weak as last week’s surprisingly soft estimate, it still points to a resumption of a rolling over in jobs growth after the 42k increase in the official monthly report for October had fared a little better than expected after a sizeable decline in September.
  • Note the chart below shows on a crude monthly basis to show how it's changed vs the last published monthly figures.
  • Once again, ADP warns that “These numbers are preliminary and could change as new data is added."
  • Note also that ADP first published this figure at another new link today: https://www.adpresearch.com/job-growth-is-sluggish-but-new-hires-are-on-the-upswing-how/
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US TSY FUTURES: BLOCK: Dec'25 2Y Sale Post-Data

Nov-18 13:39
  • -5,000 TUZ5 104-05.75, post time bid at 0827:49ET, DV01 $186,350.
  • The 2Y contract has since traded up to 104-06.12 (+3.12).