EU TRANSPORTATION: Lufthansa; Job Cuts
Sep-26 12:55
(LHAGR: Baa3/BBB-/BBB-)
"Lufthansa is expected to announce several thousand job cuts on Monday at its first company-wide capital markets day in six years...The airline group intends to reduce its administrative staff by 20% in the coming years" - Reuters citing insiders
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SONIA OPTIONS: Call Spread vs Put
Aug-27 12:52
SFIH6 96.40/96.50cs vs 96.00p, bought the cs for 0.25 in 3.5k total.
EURIBOR OPTIONS: Large Call Spread buyer
Aug-27 12:51
ERZ6 99.00/99.50cs, bought for 2 in 28k.
BONDS: OAT/Bund spread edges towards 80.00bps
Aug-27 12:45
- No Obvious trigger for the sudden selling in the French OAT, but there might be some OAT/Bund spread at play, since it is widening towards the 80.00bps handle.
- The April high and highest print since January stands at ~79.83bps.
- OAT is now heading towards the just mentioned 121.54 level, ahead of the Yields.
(Chart source: MNI/Bloomberg Finance LP).
