POWER: Mammoet, EdF Sign MoU For Nuclear Plants in the Netherlands

Nov-07 08:37

Mammoet and EdF have signed a MoU to develop technologies and methods to improve construction efficiency for future nuclear facilities in the Netherlands, it said. 

  • The agreement was signed on the sidelines of the World Nuclear Exhibition in Paris this week.
  • The Dutch government will support the development and implementation of a new nuclear build programme.
  • The Netherlands currently has one operating nuclear plant, Borssele. The government recently confirmed plans to extend the lifespan beyond 2033 and to invest in the development of SMRs.

Historical bullets

EURIBOR OPTIONS: A lot of Activity in Options - Latest Trades

Oct-08 08:32
  • ERH6 98.00/98.06/98.12/98.18c condor, bought for 0.25 in 4k.
  • ERM6 98.31/98.43cs, bought for 1.75 in 10k.
  • ERU6 97.93/97.81ps v ERM6 97.87p, bought the ps for half in 3k.

ESM ISSUANCE: RFP issued: Expect a transaction next week

Oct-08 08:28
  • “Today ESM has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.”
  • This likely means a transaction on Mon/Tues next week (14/15 October).
  • We pencil in a transaction of around E1.75bln (E1.5-2.0bln).
  • The annual funding target was for E7bln and so far there have been 3/10-year EUR issues for E2bln each and a 5-year USD issue for USD2bln.

FOREX: FX OPTION EXPIRY

Oct-08 08:24

Of Note:

EURUSD 1.28bn at 1.1650.

EURUSD 1.7bn at 1.1650 (fri).

AUDUSD 1.1bn at 0.6545/0.6550 (fri).

AUDUSD 1.01bn at 0.6500 (tue).

  • EURUSD: 1.1600 (370mln), 1.1625 (325mln), 1.1650 (1.28bn), 1.1660 (250mln), 1.1675 (285mln), 1.1700 (1.21bn).
  • USDJPY: 152.00 (308mln).
  • USDCAD: 1.3975 (392mln), 1.4000 (300mln).