ECB: EPP Pushing To Further Delay ETS2 Until 2030

President Alexander Stubb has said that he intends to deliver messages from Ukraine to US President Donald Trump on Thursday, 9 October. Stubb has recently visited Kyiv for walks with his Ukrainian counterpart, Volodymyr Zelenskyy, and he will be in Washington, D.C., for talks at the White House alongside Prime Minister Petteri Orpo. The Finnish gov't says the meeting "will focus on bilateral relations between Finland and the United States, commercial and economic cooperation and Russia's war of aggression in Ukraine."

• Stubb has proved one of the European leaders most able to communicate effectively with President Trump during the latter's second term in office. Speaking in Kyiv, Stubb talked up one of Trump's recent European annoyances, namely the continued purchase of Russian hydrocarbons: "As far as getting our own house in order, I think President Trump, when he says that Europe needs to stop buying Russian oil and gas, is right.[...] the finger points in two places [referring to Hungary and Slovakia],"
• Helsingin Sanomat reports that the issue of US purchase of Finnish-made icebreaker vessels is also set to be on the agenda, although the gov't has not confirmed this. Orpo: "We have a lot to give. We have the ability to build icebreakers. We have that expertise. We are ready to discuss these issues.” Such an order would not only provide a notable boost to the shipyards in Helsinki and Rauma, but also bolster security ties between the US and Finland, seen as increasingly important now the country is in NATO and holds a border with Russia hundreds of miles long. 

• Date $MM Issuer (Priced *, Launch #)
• 10/07 $2.5B *Bank of England 5Y +8a
• 10/07 $1.75B *CPPIB 3Y SOFR+39
• 10/07 $Benchmark Angola +5Y 9.75%a, 10Y 10.5%a
• 10/07 $Benchmark Türkiye Garanti Bankası 10.5NC5.5
• 10/07 $Benchmark TD Synnex +3Y +100a, 10Y +145a
• 10/07 $Benchmark Goldman Sachs investor calls
• 10/07 $Benchmark JDC Dev Bank Kazakhstan +5Y, KZT 3Y investor calls
• Expected Wednesday
• 10/08 $Benchmark Federal Home Loan 2Y +4a
• 10/08 $1B Kommunalbanken Norway WNG 3Y SOFR+37

• EUR/USD: $1.1650(E698mln), $1.1700(E1.1bln), $1.1770-80(E1.2bln), $1.1800(E1.5bln), $1.1850-60(E1.0bln)
• USD/JPY: Y146.50($1.2bln), Y147.00($1.5bln), Y149.00($980mln), Y150.00($562mln), Y151.00($799mln)