HYBRIDS: Harbour Energy (HBRLN: Perps Ba1/BB) Tender Results
May-07 13:00
* XS2286041517 HBRLN 2.4985 Call26 * EU521.2m Tendered @ 98.40% * EU128.8m remain outstanding...
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FRANCE T-BILL AUCTION RESULTS: 13/28/34/50-week BTFs
Apr-07 12:55
| Type | 13-week BTF | 28-week BTF | 34-week BTF | 50-week BTF |
| Maturity | Jul 9, 2025 | Oct 22, 2025 | Dec 3, 2025 | Mar 25, 2026 |
| Amount | E3.095bln | E1.999bln | E699mln | E1.997bln |
| Target | E2.7-3.1bln | E1.6-2.0bln | E0.3-0.7bln | E1.6-2.0bln |
| Previous | E3.297bln | E1.894bln | E398mln | E1.99bln |
| Avg yield | 2.212% | 2.092% | 2.066% | 1.996% |
| Previous | 2.259% | 2.326% | 3.616% | 2.131% |
| Bid-to-cover | 2.86x | 2.47x | 4.24x | 2.71x |
| Previous | 2.37x | 3.44x | 3.52x | 3.24x |
| Previous date | Mar 31, 2025 | Mar 10, 2025 | Jul 24, 2023 | Mar 31, 2025 |
FED: Today's Closed-Door Meeting Is A Non-Event
Apr-07 12:50
There is a regularly-scheduled closed meeting of the Fed Board of Governors at 1130ET today. This is a totally routine meeting to review and determine the advance and discount rates to be charged by Fed banks. To clarify, contrary to some market participants' discussion, this meeting has nothing to do with an emergency response to market moves. Indeed it's not even an meeting of the policy rate-setting FOMC, it's just a meeting of the 7-member Board of Governors.
- As the Fed website notes, "The Board of Governors meets regularly, typically every other Monday."
FOREX: Hassett Gives USDJPY a Boost, Unchanged on Session
Apr-07 12:45
- Those latest headlines from Hassett provide a firm, albeit brief, jolt higher to major US equity indices, helping the e-mini S&P future to rise close to the earlier recovery highs. Price action has weighed on the Japanese yen in tandem, assisting USDJPY back to unchanged levels today.
- That sees USDJPY roughly 200 pips off the overnight lows, narrowing the gap to the overnight session highs at 147.12. Above here, 148.18 is the first chart point of note, the Mar 20 low. Given the severity of the moves in recent days, firm resistance is not seen until 149.12, the 20-day EMA, and short-term gains are - for now - considered corrective.
