EU CONSUMER CYCLICALS: Manpower; 1Q (to March) results (x3)

Apr-17 12:11

Adecco mids still showing -3-5 tighter.
There is +55bps of pickup into a non-cyclical IG consumer services risk on the 5y.

Historical bullets

EQUITIES: European Banks is the best performing sector

Mar-18 12:07
  • The European Bank Index (SX7E) is still edging higher, and the Banking sector is now the best performer, after taking over Tech and Auto&Parts.
  • While the move is gradual, the Index is still eyeing the 2011 high situated at 197.88, so far printed a 196.57 high.

STIR: Repo Reference Rates

Mar-18 12:04
  • Secured Overnight Financing Rate (SOFR): 4.32% (+0.02), volume: $2.473T
  • Broad General Collateral Rate (BGCR): 4.31% (+0.02), volume: $977B
  • Tri-Party General Collateral Rate (TCR): 4.31% (+0.02), volume: $952B
  • (rate, volume levels reflect prior session)

PIPELINE: Corporate Bond Update: $2B ADP 10Y SOFR Launched

Mar-18 11:59
  • Date $MM Issuer (Priced *, Launch #)
  • 03/18 $2B #ADB 10Y SOFR+57
  • 03/18 $Benchmark LG Energy 3Y, 5Y, 10Y
  • 03/18 $Benchmark Bangkok Bank 15NC10 +215a
  • 03/18 $Benchmark Korea National Oil 3Y +120a, 3Y SOFR, 5Y
  • 03/18 $Benchmark ING 4NC3 +110a, 4NC3 SOFR, 6NC5 +125a, 11NC10 +150a