PIPELINE: Morgan Stanley Issuance on Tap Minutes After Earnings Call
Apr-19 13:47
- Date $MM Issuer (Priced *, Launch #)
- 04/19 $4B #Canadian Government Bond 5Y +11
- 04/19 $1.25B #New Development Bank (NEWDEV) 3Y SOFR+125
- 04/19 $1B Kommuninvest WNG -3Y SOFR+27
- 04/19 $Benchmark Morgan Stanley 3Y, 6NC5, 11NC10 guidance TBA
- 04/19 $Benchmark Bank of NY Mellon, 4NC3 +130a, 11NC10 +165a
- 04/19 $Benchmark Japan Finance for Municipalities (JFM) 5Y SOFR+81a
- 04/19 $Benchmark Bank of America 6NC5 +170a, 11NC10 +190a.
- (For context, while BoA has made sizable bond offerings in shorter maturities in the past, the last time the bank offered similar tranches are: $8.75B on April 21, 2022: Bank of America 4pt $2B 3NC2 +115, $500M 3NC2 SOFR+110, $2.25B 6NC5 +140, $4B 11NC10 +165; again in November '22: $2B *Bank of America 6NC5 +182)
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USD: The SEK leads in G10
Mar-20 13:45
- The SEK leads in G10 vs the Greenback now up 0.75%, and the USDSEK eye an immediate test to 10.3942, last week's low.
- Some market participants will look at 10.3747, the March low, for first area of interest.
EURIBOR OPTIONS: Put spread seller
Mar-20 13:37
ERM3 96.625/96.50ps sold at 5.75 in 15k
EQUITIES: Large Estoxx block trade
Mar-20 13:33
Large Estoxx block, suggest seller.
- VGM3 21k at 4050.00.
