EU REAL ESTATE: Lineage: 6yr Final

Nov-19 13:43

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(LINE; Baa2neg/NR/BBB+neg) * Final: 700m 6yr ms+175bps * Books > 1.4bn * IPT: BMK 6yr ms+200a * F...

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GILTS: Friday's Net Short Setting Puts An End To Streak Of Short Cover

Oct-20 13:32

After five consecutive sessions of net short cover, OI data suggests short setting dominated in Gilt futures on Friday.

  • Gilt futures followed UST counterparts lower on Friday, a combination of easing US/China trade tensions (following less inflammatory rhetoric from President Trump) and cooling fears around US regional bank risks.
  • Futures fell 18 ticks on Friday, with OI rising by 2.7k contracts. This compares to a near 30k reduction in total OI from October 10 to October 16.
  • Today’s session has been relatively quiet, with Gilts drifting steadily higher (currently +19 at 92.65).
  • Focus remains on this week’s UK data, with September public sector finances due tomorrow and September inflation due on Wednesday. MNI’s inflation preview will be released tomorrow morning. 
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EQUITIES: US Cash Opening Calls

Oct-20 13:26

SPX: 6,706.2 (+0.6%); DJIA: 46,406 (+0.5%/+216pts); NDX: 25,006.4 (+0.8%).

US TSY FUTURES: BLOCK: Dec'25 10Y Buy

Oct-20 13:19
  • +5,000 TYZ5 113-18.5, buy through 113-18 post time offer, DV01 $339,000.
  • The 10Y contract trades 113-18.5 last (+3.5)