EM LATAM CREDIT: Nemak: 2Q Earnings EBITDA Increase - Positive
Jul-17 12:44
(TNEMAK; Ba2/BB/BB) "Nemak 2Q Net Loss $23.8M Vs. Profit $45.3M Y/y" - Bbg * Mexico auto parts com...
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EQUITIES: Updated Roll Pace
Jun-17 12:41
Sept is front for the US, for now June is still the most active contract on this side of the Pond. Spreads of both Sides of the Atlantic dominates ahead of Triple Witching Friday.
US:
- SPX: 59%.
- NDX: 52%.
- DOW: 51%.
EU:
- VGA: 50%.
- DAX: 41% (below Pace).
- FTSE: 67%.
US TSYS: Post-Retail Sales, Import/Export Data React
Jun-17 12:34
- Treasuries extend gains then quickly revert after latest Retail Sales come out lower than estimated, priors down-revised, import/export prices steady to lower.
- Tsy Sep'25 10Y futures trades +10.5 at 110-26 vs. 111-00 high, below key resistance and its recent high of 111-14+, a Fibonacci retracement and the Jun 5 high. Clearance of this hurdle would be bullish and highlight a stronger reversal. This would open 111-30, a Fibonacci retracement.
- Curves mixed, 2s10s -1.014 at 46.545, 5s30s +.285 at 92.228. 10Y yield slips to 4.3770% low.
- Cross asset: Stocks remain weaker (SPX eminis -26.75 at 6063.0), Gold mildly higher at 3388.00, Bbg US$ index little changed at 1202.44 -0.15.
EURIBOR OPTIONS: Call Spread vs Put
Jun-17 12:34
ERZ5 98.25/98.50cs vs 98.00p, bought the cs for 2.25 in 5k.
