POWER: MVM Signs Contract for 1GW CGGT Plant in Hungary
Apr-30 09:13
Hungary’s MVM has signed a contract on Tuesday for the construction of the 1GW Tisza CCGT plant in eastern Hungary according to Ceenergy News.
- The design, procurement and construction of the plant can now begin.
- “After the start of commercial operation, the two-unit, 1,000-megawatt (MW) combined-cycle gas turbine power plant is expected to provide an average of 7,500GWh of electricity to the Hungarian electricity system annually,” Hungary’s Minister of Energy, Csaba Lantos, said.
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SWAPS: German Long End ASWs Unwind All Of Early March Move Lower
Mar-31 09:07
Modest widening in German ASWs this morning given the risk-off price action detailed elsewhere, spreads across the curve ~0.2-0.5bp wider vs. 3-month Euribor.
- Note that Bund and Buxl spreads have unwound effectively all the sell off that followed the announcement that initially indicated the surprise, expedited debt-brake tweak and related fiscal loosening.
- The combination of a lack of an immediate shift higher in German issuance, already short positioning in ASWs and U.S. tariff risks has countered the initial move lower in ASW spreads and does present risks to any fresh move lower in long end spreads in the immediate term.
- Still, fundamentals appear to continue to screen bearish for long end spreads over the medium-term.
MNI: ITALY MAR FLASH HICP +1.6% M/M, +2.1% Y/Y
Mar-31 09:03
- ITALY MAR FLASH HICP +1.6% M/M, +2.1% Y/Y
EURIBOR: EURIBOR FIX - 31/03/25
Mar-31 09:03
Source: EMMI/Bloomberg
- EUR001W 2.3880 -0.0130
- EUR001M 2.3580 0.0140
- EUR003M 2.3360 0.0080
- EUR006M 2.3360 -0.0180
- EUR012M 2.3060 -0.0180
