EMISSIONS: EUA/UKA Rallying On Positive EUA Auction, Industrial Production Data
Mar-13 10:38
EUAs/UKAs is rallying following the positive result of EUA auction and the above-consensus industrial production data on 10am.
- EUA Dec25/UKA Dec25 reacted immediately after the data release and extended gains by 1.38% and 1.86% respectively within a 10-minutes timeframe.
- Bullish sentiments extended for both markets on the EU-UK ETS linkage reconsideration mentioned yesterday in the House Of Lords meeting on 12 March.
- EUA DEC 25 up 1.9% at 70.96 EUR/t CO2e
- UKA DEC 25 up 5.8% at 43.77 GBP/t CO2e
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JPY: A reversal in the Yen
Feb-11 10:36
- A full spin Cycle in the Yen, after spiking earlier with no clear trigger, it is now back at session lows against the EUR, GBP, and the USD.
- As we have previously mentioned, crosses are still mostly within ranges, and the USDJPY would need a test all the way to 152.54 to just test Yesterday's high.
BELGIUM T-BILL AUCTION RESULTS: Short / Long TCs
Feb-11 10:36
| Maturity | May 8, 2025 | Feb 12, 2026 |
| Amount | E777mln | E1.789bln |
| Target | E2.2-2.6bln | Shared |
| Previous | E802mln | E770mln |
| Avg yield | 2.409% | 2.221% |
| Previous | 2.421% | 2.238% |
| Bid-to-cover | 2.24x | 1.7x |
| Previous | 2.68x | 2.54x |
| Previous date | Feb 04, 2025 | Feb 04, 2025 |
GERMAN AUCTION RESULTS: 2.40% Apr-30 Bobl
Feb-11 10:32
| 2.40% Apr-30 Bobl | Previous | |
| ISIN | DE000BU25042 | |
| Total sold | E5bln | E5bln |
| Allotted | E3.777bln | E3.793bln |
| Avg yield | 2.17% | 2.42% |
| Bid-to-offer | 1.48x | 1.91x |
| Bid-to-cover | 1.96x | 2.52x |
| Average Price | 101.09 | 99.87 |
| Low acc. Price | 101.08 | 99.86 |
| Pre-auction mid | 101.066 | |
| Previous date | 14-Jan-25 |
