Reuters reports comments from the Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi. Says that "Iran has indicated it will be ready to restart some conversations at a technical level...Iran has a number of [nuclear] facilities and has to be transparent about them....[the IAEA] needs to re-engage in a normal relationship with Iran; Non-Proliferation Treaty rules indicate that [Iran] needs to be inspected."
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SX5E (18th July vs 15th Aug) 5250c, bought the Aug for 32 in 5k (suggest rolling Call).
Outperformance in the long end of the German swap curve (30s) with yesterday’s sell off in 30-Year spreads now completely reversed (both in conventional swap spreads and ASWs), as the impact of the DFA’s Q3 funding plan and accompanying commentary is unwound (some of the bearish details initially caught some off guard).
| Type | 26-week GTB |
| Maturity | Dec 29, 2025 |
| Amount | E500mln |
| Target | E500mln |
| Previous | E500mln |
| Avg yield | 1.75% |
| Previous | 1.74% |
| Bid-to-cover | 2.12x |
| Previous | 1.91x |
| Previous date | May 28, 2025 |