OPTIONS: Larger FX Option Pipeline
Feb-17 18:11
- EUR/USD: Feb21 $1.0675-90(E1.2bln), $1.0900(E1.2bln); Feb22 $1.0550(E1.3bln)
- USD/JPY: Feb21 Y133.40-50($1.0bln); Feb23 Y126.50($1.1bln), Y126.80($1.0bln)
- AUD/USD: Feb21 $0.6730(A$1.1bln); Feb23 $0.6925(A$2.0bln)
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: $4B CADES 3Y SOFR, $2.5B JBIC 3Y SOFR Priced
Jan-18 18:10
Total $8.1B issuance on the day, mostly 3Y SOFR
- Date $MM Issuer (Priced *, Launch #)
- 01/18 $4B *CADES 3Y SOFR+39
- 01/18 $2.5B *JBIC 3Y SOFR+62
- 01/18 $1B *OPEC Fund 3Y SOFR+90
- 01/18 $600M *First Abu Dhabi Bank (FAB) 5.25Y +105
- 01/18 $Benchmark Serbia +5Y, 10Y investor calls
- Expected Thursday
- 01/19 $Benchmark CAF +3Y SOFR+130a
- 01/19 $1B Council of Europe Dev Bank (CoE) WNG 5Y SOFR+41a
US: NY Fed: Inflation Disparities Have Largely Closed By Race, Not So Incomes
Jan-18 18:07
- NY Fed research (here) shows that between early 2021-June 2022, Black, Hispanic, and middle-income households were most affected by rising inflation, experiencing steadily higher price increases relative to the overall average.
- This pattern is largely because a greater share of these groups’ expenditures is devoted to transportation, particularly used cars and motor fuel, categories that led the 2021 inflationary episode.
- However, over the last five months, as transportation inflation has declined, these gaps have declined as well.
- That said, whilst race disparity has notably closed, lower- rather than middle-income categories still bear the brunt of relative inflation.
US: TURKEY: FM Cavusoglu To Discuss NATO And F-16s With Sec State Blinken
Jan-18 18:06
Turkish Foreign Minister Mevlut Cavusoglu will shortly hold a meeting at the US State Department with US Secretary of State Antony Blinken amid terse relations over Turkey's stance on Russia and the NATO bids of Sweden and Finland.
- The meeting is expected to focus on Turkey’s request for the purchase of F-16 fighter planes which is currently stalled due to objections from the US Congress.
- Analysts don’t expect movement significant movement on the Nordic NATO bids until after the Turkish general election in May.
- The US and Turkey relationship is experiencing strain due to Ankara's willingness to strike a foreign policy path which has put it increasingly at odds with Washington.
- Blinken will likely push Turkey on its more problematic policy positions, including bellicose rhetoric directed at NATO-ally Greece, a stated willingness to launch a military operation against US-backed Kurdish groups in Syria, and a deepening “sanction busting” economic relationship with Russia.
- In June, President Biden rejected the prospect of F-16s being sold to Turkey as part of a quid pro quo to unlock the Nordic NATO bids.
