EU CREDIT UPDATE: CREDIT UPDATE: EUR Market Wrap
Jun-13 11:58
- Bunds are 1-2bps cheaper - weaker-than-expected European IP data prints were not major market movers but may have helped limit downside while the morning’s ECB speakers added little new to the debate.
- Main/XO are +1bp/+4bp while €IG/€HY looks flat/-1bp with performance relatively evenly distributed across sectors. Primary recap to follow. Curve movers include DXC (up to 20c richer again on takeover media report) and Reckitt (up to 9bps wider on supply).
- SXXP is -0.8% with the Media sub-index outperforming at flat. Notable €IG movers include Lufthansa -5%, Forvia -5%, BT +3%.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
SCANDIS: NOKSEK Eyes Clustered Resistance
May-14 11:55
After pushing through the April 12 high at 1.0020, NOKSEK trades at its highest in four months and now eyes clustered resistance at 1.0066 (Jan 29 high) and 1.0073 (trendline drawn from the August 2022 high).
US TSY FUTURES: BLOCK: Jun'24 2Y Sale
May-14 11:52
- -7,500 TUM4 101-21.75, sell through 101-21.88 post time bid at 0723:15ET, DV01 $283,000. Contract trades101-21.75 last (+.75).
OPTIONS: Larger FX Option Pipeline
May-14 11:45
- EUR/USD: May15 $1.0600-15(E1.4bln), $1.0640-50(E1.2bln), $1.0665-75(E1.6bln); May16 $1.0635-45(E2.9bln), $1.0750-55(E2.5bln), $1.0915-20(E1.2bln); May17 $1.0850(E1.5bln)
- GBP/USD: May15 $1.2440-55(Gbp1.2bln)
- USD/JPY: May15 Y156.00(1.1bln); May16 Y155.00-05($1.1bln); May17 Y155.00($1.1bln)
- AUD/USD: May15 $0.6600(A$1.2bln); May16 $0.6425(A$1.3bln)
- USD/CAD: May15 C$1.3940($1.1bln); May17 C$1.3720-35($1.0bln)
- USD/CNY: May16 Cny7.2000($1.1bln), Cny7.2500($1.0bln)
