EGB SYNDICATION: Guidance on the Italian Benchmark
Jan-08 08:35
EUR Benchmark 10Y Fixed (Aug. 1, 2035) BTPS+9 Area
- Coupon: Semi-annual, act/act, short first
- UOP: General purposes
- See security information: 10Y Fixed
EU5b WNG 20Y Green Fixed (April 30, 2046) BTPS+8 Area
- Coupon: Semi-annual, act/act, short first
- Format: Green bond
- UOP: In accordance with Italy’s Framework for the Issuance of Sovereign Green Bonds
- See security information: 20Y Fixed
- Issuer: Italy Buoni Poliennali Del Tesoro (BTPS)
- Ratings: Baa3/BBB/BBB
- Format: Reg S, dematerialized, senior unsecured, 144a eligible, CAC
- Settlement: Jan. 15, 2025
- Denoms: 1k x 1k
- Bookrunners: SIENA, BNPP (B&D), Citi, CA-CIB, NatWest Markets, UniCredit
(As per Bloomberg).
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
BONDS: Bund and Tnotes are testing the intratday low
Dec-09 08:32
- Bund and Tnotes are drifting to session low, both contract are still trading in line, shown in a flat US/German spread.
- Traded Volumes are very low and subdued, Bund traded around 10k pre Cash open, so very little has traded since the open.
- Initial support in Bund is still at 135.93, and at 110.28+ for TYH5.
- Price action might still be limited, with the main focus on the US CPI and the ECB this Week.
EQUITIES: A positive Open in Europe
Dec-09 08:17
- A positive Open for European Indices, given the spike higher in Futures pre open, helped by the earlier China Headlines, Basic resources, Consumer Products and Services are the leading sectors, while the Bank Index (SX7E) has seen a small gap higher, but hasn't quite managed to break 147.13, Friday's high.
- Cash Estoxx (SX5E) has jumped to its highest level since mid October, but there's been some early selling interest on the Open, helping the futures (VGZ4) fade towards the 5000.00 level.
SILVER TECHS: Monitoring Resistance At The 50-Day EMA
Dec-09 08:08
- RES 4: $35.226 - 61.8% of the 2011 - 2020 major bear leg
- RES 3: $35.167 - 2.00 proj of the Aug 8 - 26 - Sep 6 price swing
- RES 2: $33.125/34.903 - High Nov 1 / High Oct 23 and the bull trigger
- RES 1: $31.161/537 - 50-day EMA / High Nov 19
- PRICE: 31.281 @ 08:07 GMT Dec 7
- SUP 1: $29.642 - Low Nov 28
- SUP 2: $28.446 - 76.4% retracement of the Aug 8 - Oct 23 bull cycle
- SUP 3: $27.686 - Low Sep 6
- SUP 4: $26.451 - Low Aug 8
Silver traded higher last week. However, the bear cycle that started Oct 23 remains in play and the metal continues to trade closer to its latest lows. Price has recently traded through a trendline drawn from the Aug 8 low. A resumption of the bear leg would open $28.446, a Fibonacci retracement. The 50-day EMA, at $31.154, has been pierced. A clear of the average would highlight a possible reversal.
