MIDEAST: Hamas To Release 3 Hostages On 15 Feb, Risk Of Truce Ending Reduced

Feb-13 10:28

Hamas has confirmed in a statement that it intends to continue with the process of releasing Israeli hostages according to the schedule set out in the phase one ceasefire agreement with Israel. This would see a further three hostages freed on Saturday 15 Feb. Egypt's Al-Qahira Al-Akhbariya reports the Egyptian and Qatari gov'ts as saying that their mediators have 'succeded in bridging the gaps to continue implementing the Gaza ceasefire deal' adding that the 'parties in the deal are committed to continuing implementing it.' 

  • US President Donald Trump has threatened that if Hamas did not release all hostages on Saturday he would "let hell break out". PM Benjamin Netanyahu has not been as clear. Instead on 11 Feb he said "If Hamas does not return our hostages by Saturday noon - the ceasefire will be terminated, and the IDF will return to intense fighting until Hamas is finally defeated,". This could indicate that the release of the three hostages planned under the deal will suffice to keep the ceasefire in place.
  • PM Benjamin Netanyahu's office has rebutted an Al-Jazeera report claiming that "people are waiting for the entry of heavy machinery and mobile houses lined up on the Egyptian side of the border. [...] People feel that once these are allowed into Gaza, Hamas will show more flexibility and that the release of Israeli captives can take place as scheduled." PMO says "The report on Al-Jazeera is fake news, and there is no basis for the allegations".

Historical bullets

EGB OPTIONS: Bund call spread

Jan-14 10:21

RXH5 135/136cs bought for 4.5 in 7.5k.

EGB OPTIONS: Bund put spread buyer

Jan-14 10:17

RXG5 125.5p, bought for 1 in 2.2k.

US INFLATION: MNI US CPI Preview: Still Too High For Comfort

Jan-14 10:15

Our preview of Wednesday's December CPI release has been published (PDF): 

  • Consensus sees core CPI inflation decelerating slightly to between 0.2 to 0.3% M/M in December, with MNI’s analyst review pointing to an average estimate of 0.24% so a bias toward a 0.2% rounded figure.
  • Likely to be the single most closely watched individual aspect of Wednesday’s CPI report, rental inflation is expected to accelerate to an average figure that firmly rounds to 0.3% M/M in December.
  • Supercore inflation is seen pulling back, though, to the upper 0.20s%, from 0.34% in November.
  • If housing is our top pick to watch this month then core goods inflation – which is seen pulling back in December - is closely second, amid tariffs speculation.
  • Initial estimates point to core PCE inflation at ~0.20% M/M, softer in outright terms but on a relative basis an acceleration from the softer 0.115% in Nov. That outlook will hinge partly on PPI data out Tuesday.
  • It is clear that the Fed will hold in January, with the first plausibly “live” meeting not until March. But with pricing having shifted so quickly away from 2025 cuts, it’s a good juncture to assess whether markets have gotten too hawkish.
  • Even in-line inflation readings could bolster the FOMC leadership’s confidence that they are on track to get PCE to 2%, and leave the door open to two rate cuts later this year, though this report is not widely expected to provide the requisite evidence.
image

Related by topic

Gasoil
Marine Oil
Oil Positioning
OPEC
Freight
Jet Fuel
Gasoline
Fuel Oil
Diesel
Oil Options
Energy Data
US Natgas
TTF ICE
Asia LNG
Gas Positioning
Israel