EU CREDIT UPDATE: Monte dei Paschi €500m WNG 6.25NC5.25 Green Sr Pref - Books
Nov-13 10:03
* Books > 1.5bn * IPT: MS+120 * FV: MS+90 * Exp Rating: Baa3/NR/BBB-...
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MNI: US NFIB SEP SMALL BUSINESS INDEX 98.8
Oct-14 10:00
- MNI: US NFIB SEP SMALL BUSINESS INDEX 98.8
EGB OPTIONS: Schatz Call Spread
Oct-14 09:53
DUX5 107.20/107.40cs, bought for 5 in 3k.
BOE: ILTR Usage Sees Another Notable Pickup
Oct-14 09:51
- The ILTR take up this week was GBP6.344bln - surpassing the GBP5.085bln seen two weeks ago - and the highest level since the week of the first Covid lockdown. This is also the largest net weekly increase in ILTR usage in that time - increasing by GBP5.004bln. All bids were accepted by the BOE with no increase in clearing spreads above the minimum levels.
- Assuming unchanged STR usage on Thursday (which cannot be assured after 3 of the last 4 weeks saw drops in usage), this would put repo balances at a new record high for the week of GBP124.4bln.
- We think that ahead of the change to the ILTR spread for Level A collateral changing from Bank Rate +0bp to Bank Rate +3bp in November (date still TBC) that 6-month repo rates are getting locked in now.
