EUROZONE ISSUANCE: EGB Supply: W/C 23 June (1/2)

Jun-20 17:26

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US TSY FUTURES: BLOCK: Jun'25 10Y Ultra Sale

May-21 17:25
  • -3,500 UXYM5 111-08, sell through 111-09 post time bid, DV01 $303,000.
  • The 10Y ultra contract trades 111-05.5 last (-30)

US TSY FUTURES: Post-Auction Selling Extends

May-21 17:22
  • Treasury futures extend session lows post auction, curves bear steepen (2s10s +4.122 at 5.349) with bonds yield climbing to 5.0521% high - highest since late October 2023. 10Y yield up to 4.5665% (+.0796).
  • The Jun'25 10Y futures contract trades 109-19 low (-19.5) just above initial technical support at 109-18.5 (May 15 low) - strengthening a bearish theme and exposing key support at 109-08, Apr 24 low and a bear trigger.
  • Cross asset update: Gold up 22.0 at 3312.13, stocks weaker again with rise in bond yield (SPX emini -55.5 at 5509.25), Crude mildly weaker (WTI -.10 at 61.93)
     

PIPELINE: Corporate Bond Update: Waiting for Citibank 4Pt

May-21 17:12
  • Date $MM Issuer (Priced *, Launch #)
  • 05/20 $4B *ADB 5Y SOFR+42
  • 05/21 $2B #Turkiye 7Y 7.45%
  • 05/21 $2B #CoreWeave 5NC2 9.25%
  • 05/21 $2B #BPCE $1B 6NC5 +125, $1B 11NC10 +145
  • 05/21 $1.5B *OKB 3Y +34
  • 05/21 $1.25B *Kommunalbanken +5Y SOFR+49
  • 05/21 $1B #Northwestern Mutual Life 30Y +135a
  • 05/21 $Benchmark Citibank 2Y +58, 2Y SOFR, 5Y +78, 5Y SOFR
  • Expected Thursday:
  • 05/21 $1B Finnvera WNG 5Y SOFR+53a