EMISSIONS: EU Mid-Day Carbon Summary: Carbon Track Weekly Gains On CBAM Progress
Oct-03 11:21
EUAs/UKAs Dec25 are rising and on track for 3.6% and 5% weekly gains respectively, hitting highest level since mid-Feb and one-week high, driven by continued bullish sentiments following news reported yesterday that the EU and UK are near agreeing a temporary deal sparing UK businesses from the EU’s CBAM, targeting to finalise by the next EU-UK summit. The rally was driven by the interpretation of a progress on EU-UK ETS link.
- EUA DEC 25 up 1.59% at 78.66 EUR/t CO2e
- UKA DEC 25 up 1.24% at 57 GBP/t CO2e
- TTF Gas NOV 25 up 0.3% at 31.555 EUR/MWh
- NBP Gas NOV 25 up 0.7% at 80.8 GBp/therm
- Estoxx 50 up 0.2% at 5655.21
- FTSE 100 DEC 25 up 0.6% at 9532.5
- EUA Dec25 options implied volatility as of 2 Oct fell to its all-time low, while the delta call-put volatility skew rising to the second narrowest since February, indicating limited near-term price swings expectation and reduced demand for downside protection.
- TTF front month has been bouncing within a €1/MWh range since falling to a low of €30.735/MWh on Oct. 1, with returning pipeline supplies set against limited storage injections.
- The European Sea Ports Organisation (ESPO) is urging IMO member states to formally adopt the Net-Zero Framework ahead of the 14-17 Oct MEPC meeting, and calling on the EU Commission to ensure strong alignment.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
BUNDS: Large Buxl Calendar spread
Sep-03 11:17
Large Buxl Calendar spread goes through in the past 10 minutes or so.
- UBU5/Z5 trades in 37.9k.
PIPELINE: Corporate Bond Update: $2B AIIB Launched
Sep-03 11:05
- Date $MM Issuer (Priced *, Launch #)
- 09/03 $2B #AIIB 3Y SOFR+31
- 09/03 $Benchmark OKB 5Y SOFR+43
- 09/03 $Benchmark Nordea Bank Perp Nov'33 7.25%a
- 09/03 $Benchmark The Commercial Bank (PSQC) 5Y +125a
- 09/03 $Benchmark Turkie Wealth Fund +5Y 7.625%a, 10Y 8.735%a
PIPELINE: Corporate Bond Roundup: September Kicked of With Record 28 Issuers
Sep-03 11:04
A record 28 companies issued $50.95B in debt Tuesday. The record for largest single day issuance, however, is $59.55B on Monday, January 6 of this year from 25 companies & supra sovereigns.
- 09/02 $6B Merck $750M 2Y +25, $500M 2Y SOFR+46, $750M 5Y +45, $1B 7Y +58, $1.75B 10Y +68, $1.25B 30Y +75
- 09/02 $5.5B *Kingdom of Saudi Arabia Sukuk $2.25B 5Y +65, $3.25B 10Y +75
- 09/02 $4.5B *Cigna $1B 5Y +80, $1.25B 7Y +90, $1.5B 10Y +100, $750M 30Y +110
- 09/02 $4B *MUFG $1B 6NC5 +80, $1B 6NC5 SOFR+113, $1B 11NC10 +93, $1B PerpNC10 6.35%
- 09/02 $2.5B *CIBC $850M 3NC2 +60, $650M 3NC2 SOFR+80, $1B 6NC5 +85
- 09/02 $2B *Royalty Pharma $600M +5Y +93, $900M 10Y +118, $500M 30Y +128
- 09/02 $2B *Volkswagen Grp $700M 2Y +82, $700M 3Y +95, $600M 5Y +112
- 09/02 $2B *Toyota Cr $800M 3Y +47, $500M 3Y SOFR+72, $700M 7Y +68
- 09/02 $1.75B *Brazil $750M 11/30 tap 5.2%, $1B 30Y +7.5%
- 09/02 $1.75B *Sumitomo Mitsui $750M 3Y SOFR+75, $500M 5Y +65, $500M 11NC10 +115
- 09/02 $1.65B *Mitsubishi $300M 3Y +45, $400M 3Y SOFR+70, $500M 5Y +50, $400M 10Y +65
- 09/02 $1.65B *American Honda $700M 3Y +65, $300M 3Y SOFR+90, $650M 5Y +80
- 09/02 $1.5B *BHP Billiton $500M +10Y +77, $1B 30Y +83
- 09/02 $1.5B *HSBC 11NC10 +147
- 09/02 $1.5B *ING PerpNC7 7.0%
- 09/02 $1.35B *Jersey Central Power $350M +3Y +55, $500M +5Y +70, $500M +10Y +90
- 09/02 $1.25B *Ford Motor Cr 5Y +198
- 09/02 $1.25B *Credit Agricole PerpNC10 7.125%
- 09/02 $1.2B *Kodiak Gas $600M 8NC3 6.5%, $600M 10NC5 6.75%
- 09/02 $1B *Norinchukin $500M 5Y +93, $500M 10Y +108
- 09/02 $1B *Guardian Life $550M 3Y +45, $450M 7Y +70
- 09/02 $750M *Nomura 10.75NC5.75 +130
- 09/02 $650M *Ares Capital +5Y +160
- 09/02 $600M *Antofagasta 10Y +140
- 09/02 $600M *First Citizens 10NC5 +185
- 09/02 $500M *Jackson National Life 5Y +85
- 09/02 $500M *Alabama Power +5Y +60
- 09/02 $500M *Orix Corp 5Y +75
Trending Top
Jan-30 21:43
Jan-30 21:11
