ISRAEL: Lawmakers Move Forward w/Bill To Dissolve Knesset
In a 106-0 vote, on 2 June, lawmakers advanced legislation to dissolve the Knesset (parliament), wit...
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IRAN: Another vessel on fire reported by UKMTO
"UKMTO has received a report of an incident 14NM west of Mina Saqr, United Arab Emirates. UKMTO received information from a third party that a vessel was on fire and requesting vessels in the vicinity to keep a safe distance from them. The cause of the fire has not been verified at this time
No environmental impact reported
Authorities are investigating."
https://www.ukmto.org/-/media/ukmto/products/20260504-ukmto_warning_054-26.pdf?rev=e233de4839db45fcbb2f2c72fbb9965d
Reported to UKMTO 27 minutes ago but only just publiched - this seems to be the first report.
FOREX: G10 FX remains limited to tight ranges despite risk off moves in core FI
Just worth noting that despite the risk-off moves seen in core FI, there's been no notable moves in FX, with G10 currencies continuing to remain limited to tight ranges.
EGBS: Yields at or close to day's high into cash close after Iran fires missiles
- Schatz yields at the highs of the day and 10-year Bund yields very close as yields move higher following the reports that there have been multiple missiles fired at the UAE from Iran as we approach the European cash close and as oil prices have moved higher.
- There have been little in the way of idiosyncratic drivers today, with a public holiday in the UK (following the European holidays on Friday) likely impeding liquidity somewhat today.
- Bund futures are down -0.49 today at 124.87 with 10y Bund yields up 4.6bp at 3.081% and Schatz yields up 7.6bp at 2.716%.
- BTP futures are down -0.57 today at 116.39 with 10y yields up 6.8bp at 3.926% and 2y yields up 8.0bp at 2.913%.
- OAT futures are down -0.58 today at 118.69 with 10y yields up 5.7bp at 3.749% and 2y yields up 8.3bp at 2.868%.
