(MNI) London - President Lee Jae-myung held his first phone call with NATO Secretary General Mark Rutte earlier today, where the two discussed the prospect of deepening the partnership on defence between Seoul and the Atlantic alliance, according to the president's office. As one of NATO's 'Indo-Pacific Four', alongside Japan, Australia and New Zealand, Lee was invited to the NATO summit in late June. However, he did not attend.
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OI data points to a mix of net long setting and some form of cover in the SOFR whites on Monday. Net long setting was seemingly seen in SFRU5 & Z5, while the unchanged price status of SFRH5 & M5 makes it hard to provide any real inference when it comes to the nature of the apparent net cover seem in those contracts.
| 02-Jun-25 | 30-May-25 | Daily OI Change |
| Daily OI Change In Packs |
SFRH5 | 1,068,953 | 1,066,311 | +2,642 | Whites | +2,226 |
SFRM5 | 1,452,883 | 1,469,931 | -17,048 | Reds | +36,874 |
SFRU5 | 1,119,211 | 1,112,571 | +6,640 | Greens | -6,422 |
SFRZ5 | 1,078,359 | 1,068,367 | +9,992 | Blues | -129 |
SFRH6 | 782,440 | 766,816 | +15,624 |
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SFRM6 | 767,357 | 751,371 | +15,986 |
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SFRU6 | 709,679 | 700,153 | +9,526 |
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SFRZ6 | 839,118 | 843,380 | -4,262 |
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SFRH7 | 669,181 | 661,066 | +8,115 |
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SFRM7 | 586,744 | 594,032 | -7,288 |
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SFRU7 | 415,716 | 421,009 | -5,293 |
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SFRZ7 | 418,328 | 420,284 | -1,956 |
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SFRH8 | 289,661 | 287,493 | +2,168 |
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SFRM8 | 213,789 | 211,083 | +2,706 |
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SFRU8 | 162,654 | 164,162 | -1,508 |
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SFRZ8 | 170,139 | 173,634 | -3,495 |
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| Type | 8-month RFTB | 11-month RFTB |
| Maturity | Feb 13, 2026 | May 13, 2026 |
| Amount | E874mln | E1.126bln |
| Target | E2bln | Shared |
| Previous | E1.116bln | E1.317bln |
| Avg yield | 1.920% | 1.907% |
| Previous | 2.010% | 2.290% |
| Bid-to-cover | 2.14x | 1.67x |
| Previous | 1.77x | 1.4x |
| Previous date | May 13, 2025 | Mar 11, 2025 |
Source: Bloomberg