EU CREDIT MACRO: CREDIT MACRO: Fund Flows & Supply Expectations
Jul-26 12:51
- For the week ending Wednesday flows remained firm across nearly every asset class and currency. That includes firm flows into €IG/HY and $IG/HY.
- Not much to add from more timely $ETF flows outside seeing a large vol in both directions from within individual funds. Bloomberg flagging LQD (largest $IG ETF) saw $745m come in - the largest since early March.
- Primary was effectively closed for us at €1.3b well shy of expectations for ~€6.75b while $IG missed by a small amount at $29.5b (c$35b).
- Expectations for next week move lower; €/£ IG/HY (incl. covered) at ~€3.25b, $IG at $25b.
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MNI EXCLUSIVE: Growth, Politics Key To ECB Rate Path - Ex-BdF Economist
Jun-26 12:46
Former Bank of France economist Eric Monnet considers politics' impact on ECB monetary policy -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
STIR: SFR put fly
Jun-26 12:42
SFRX4 95.00/94.87/94.75p fly, bought for 2.25 in 10k.
STIR: Latest SOFR options
Jun-26 12:39
- SFRH5 95.50/96.00/96.50c fly, bought for 6 in 1k.
- SFRU5 95.75/95.25ps 1x2, sold the 2 at 3.5 in 10k (was also sold Yesterday at 3.5 in 10k).
