IRAN: Foreign Ministers To Hold Virtual Summit On Hormuz @ ~12:00BST

Apr-02 08:25

A virtual summit of foreign ministers, convened by the UK to discuss measures aimed at reopening the...

Historical bullets

BONDS: EUREX ROLL PACE (updated

Mar-03 08:21

EUREX Roll pace as of Friday:

  • Buxl: 35%.
  • Bund: 25% (below pace).
  • Bobl: 43%.
  • Schatz: 55%.
  • OAT: 35%.
  • BTP: 35%.
  • BTS: 32% (below pace).

GILT TECHS: (M6) Pullback Highlights The Start Of A Correction

Mar-03 08:17
  • RES 4: 94.79 1.236 projection of the Feb 9 - 17 - 19 price swing 
  • RES 3: 94.22 1.000 projection of the Feb 9 - 17 - 19 price swing  
  • RES 2: 94.00 Round number resistance  
  • RES 1: 92.87/93.72 Low Mar 2 and gap high / High Feb 27      
  • PRICE: 92.41 @ 08:06 GMT Mar 3
  • SUP 1: 92.21 20-day EMA      
  • SUP 2: 91.81 Low Feb 19 and a key short-term support   
  • SUP 3: 91.59 Low Feb 16    
  • SUP 4: 91.46 Low Feb 13       

A bull cycle in Gilt futures remains intact, however the reversal from last Friday’s high and today’s gap lower, highlights at the very least a corrective cycle. Note that the trend is overbought. A deeper pullback would allow this condition to unwind. Initial firm support lies at 91.81, the Feb 19 low. On the upside, key short-term resistance and the bull trigger has been defined at 93.72, the Feb 27 high.

EGB SYNDICATION: Austria dual: 2.90% May-29 Green RAGB / Mar-56 RAGB: Guidance

Mar-03 08:15

2.90% May-29 Green RAGB tap

  • Size: EUR Benchmark (MNI expects E1.25-1.75bln)
  • Guidance: MS-2bps area

New 30-year Mar-56 RAGB (ISIN: TBA)

  • Size: EUR Benchmark (MNI expects E3-4bln)
  • Guidance: 3.15% Oct-53 RAGB +7bps area (mid)
  • Coupon: Long first
  • Maturity: 20 March, 2056
  • ISIN: AT0000A3T279

For both:

  • Settlement: 10 March 2026 (T+5)
  • Bookrunners: CITI / DB / HSBC / JPM (B&D/DM) / Morgan Stanley / Raiffeisen Bank International
  • Timing: Books open, today's business