OPTIONS: Larger FX Option Pipeline

May-23 16:47
  • EUR/USD: May28 $1.0900-10($1.6bln); May29 $1.0800(E1.0bln), $1.0875(E1.1bln)
  • USD/JPY: May27 Y157.00($1.2bln); May28 Y155.50($1.4bln), Y156.80-00($1.1bln); May29 Y157.90-10($1.6bln)
  • USD/CAD: May29 C$1.4050($1.0bln)

Historical bullets

US TSYS: US TSY 2Y AUCTION: NON-COMP BIDS $1.032 BLN FROM $69.000 BLN TOTAL

Apr-23 16:45
  • US TSY 2Y AUCTION: NON-COMP BIDS $1.032 BLN FROM $69.000 BLN TOTAL

PIPELINE: $5B Abu Dhabi 3Pt US% Debt Launched

Apr-23 16:45
  • Date $MM Issuer (Priced *, Launch #)
  • 4/23 $5B #Abu Dhabi $1.75B 5Y +35, $1.5B 10Y +45, $1.75B 30Y +90
  • 4/23 $3B *Canada Gov Int Bond 5Y +10
  • 4/23 $2B #CK Hutchinson $1B 5Y +80, $1B 10Y +100
  • 4/23 $1.5B #CDP (Italian bank) 5Y +145
  • 4/23 $Benchmark Citibank 2Y +70a, 2Y SOFR, 10Y +125a
  • 4/23 $Benchmark Kuwait Int Bank Reg S 5.5Y Sukuk investor calls

CANADA: Credit Impact From Budget Is Small - Fitch

Apr-23 16:19
  • Fitch Ratings write that the "small increase to Canada’s deficit resulting from the latest Federal budget will have a minimal impact on the country’s credit profile."
  • The general government deficit is still expected to decline and the debt burden is still forecast to fall by around 2ppts through fiscal years 2026 and 2027, Fitch Ratings says.
  • "Canada’s general government debt burden is one of the highest among ‘AA’-rated sovereigns. Out of 18 ‘AA’-rated sovereigns, only three – the United States (AA+/Stable), France (AA-/Stable) and Belgium (AA-/Negative) – have higher debt-to-GDP ratios."
  • More.