US NATGAS: Henry Hub Erases Losses
Feb-05 18:19
Henry Hub front month has erased earlier losses to trade marginally higher on the day, as the forecast for cold weather across much of the US next week offsets record production.
- US Natgas MAR 25 up 0.1% at 3.26$/mmbtu
- US Natgas APR 25 down 0% at 3.26$/mmbtu
- Lower 48 natural gas demand has risen again on the day and back above normal at 101.1bcf/d today, according to Bloomberg. Average Lower 48 temperatures are forecast to fall below normal into next week.
- NOAA 6-14 day forecast shows below normal across most of the US except for the Gulf Coast and Lower Atlantic regions.
- US domestic natural gas production is again near record highs at 107.0bcf/d today, Bloomberg shows, and in line with the average seen over the previous week.
- US LNG export terminal feedgas rebounded to 14.73bcf/d today driven by a recovery in supply to Sabine Pass although still below start of month levels.
- Export flows to Mexico are recovering back to 6.33bcf/d today after a dip lower at the start of this week, according to Bloomberg.
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PIPELINE: Corporate Debt Issuance Starting to Launch, Updated Guidance
Jan-06 18:10
- Date $MM Issuer (Priced *, Launch #)
- 01/06 $1B #India Export-Import Bank 10Y +100
- 01/06 $750M #Sixth Street Lending 5Y +185
- 01/06 $500M #Lincoln Financial 5Y +88
- 01/06 $Benchmark Societe Generale 4.25NC3.25 +120, 4.25NC3.25 SOFR+141, 8.25NC7.25 +160
- 01/06 $Benchmark National Australia Bank (NAB) 5Y +75a, 5Y SOFR, 11NC10 +150a
- 01/06 $Benchmark Toyota Motor Cr 2Y +55a, 2Y SOFR, 5Y +80a, 10Y +100a
- 01/06 $Benchmark CRH SMW Finance 5Y +75, 10Y +90, 30Y +105
- 01/06 $Benchmark Hyundai Cap Am 3Y +75, 3Y SOFR+95, 5Y +93
- 01/06 $Benchmark CIBC 3NC2 +60, 3NC2 SOFR+72, 6NC5 +83
- 01/06 $Benchmark EDF 10Y +145a, 30Y +180a, 2064 Tap +195a
- 01/06 $Benchmark NAB 5Y +50, 5Y SOFR+79, 11NC10 +130
- 01/06 $Benchmark Saudi Arabia 3Y +85, 6Y +100, 10Y +110
- 01/06 $Benchmark Southern Cal Edison 10Y +85, 30Y +108
- 01/06 $Benchmark Jackson National Life 2Y +65, 5Y +95a
- 01/06 $Benchmark Broadcom +3Y +53, +5Y +63, +7Y +70
- 01/06 $Benchmark Mexico 5Y +170, 12Y +230, 30Y +255
- 01/06 $Benchmark Caterpillar 2Y +25, 2Y SOFR, 5Y +42
- 01/06 $Benchmark AerCap Aviation 3Y +75, 7Y +98
- 01/06 $Benchmark John Deere Capital 2Y +25, 3Y +35
- 01/06 $Benchmark Williams Cos 10Y +100, 30Y +120
- 01/06 $Benchmark MUFG 6NC5 +78, 11NC10 +95
- 01/06 $Benchmark JBS 10Y +135, 30Y +162.5
- 01/06 $Benchmark BNP Paribas 8NC7 +127
- 01/06 $500M DBJ WNG 10Y SOFR+78a
- 01/06 $Benchmark Kexim investor calls
- 01/06 $Benchmark World Bank 7Y +57a
- 01/06 $Benchmark UBS 3NC2 +85a
- Expected Tuesday:
- 01/07 $Benchmark EIB 5Y SOFR+45a
US TSYS/SUPPLY: Review 3Y Note Auction: Small Tail
Jan-06 18:05
- Treasury futures remain mostly weaker, off lows after $58B 3Y note auction (91282CMF5) draws 4.332% high yield vs. 4.320% WI; 2.62x bid-to-cover vs. 2.58x prior.
- Peripheral stats see indirect take-up slips to 60.98% vs. 64.18% prior; direct bidder take-up rebounds to 19.67% tfrom 9.62% prior; primary dealer take-up rises to 19.36% vs. 15.11% prior.
- The next 3Y auction is tentatively scheduled for February 11.
FED: US TSY 3Y NOTE AUCTION: HIGH YLD 4.332%; ALLOTMENT 84.31%
Jan-06 18:02
- US TSY 3Y NOTE AUCTION: HIGH YLD 4.332%; ALLOTMENT 84.31%
- US TSY 3Y NOTE AUCTION: DEALERS TAKE 19.36% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: DIRECTS TAKE 19.67% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 60.98% OF COMPETITIVES
- US TSY 3Y AUCTION: BID/CVR 2.62
