OIL: Venezuela Exploring New Oil and Gas Projects with India: VP

Oct-25 15:06

Venezuela is exploring new energy projects with India, VP and Oil Minister Delcy Rodriguez said, cited by Bloomberg.

  • Rodriguez met with Indian Oil and Natural Gas Minister Hardeep Singh Puri, as well as with representatives from Reliance.
  • “We are seeing new projects in that India-Venezuela strategic future,” Rodriguez said.

Historical bullets

US TSY OPTIONS: Dec'24 10Y Ratio Risk Reversal, More Downside Puts

Sep-25 15:00
  • +5,000 TYZ4 112/116 3x1 risk reversals, 23 net (+3x 112p vs. -1x 116 call)

    +10,000 TYZ4 111.5 puts, 16

GILTS: Futures Back Towards Yesterday's Low

Sep-25 14:51

The belly continues to lead the move lower in gilts following soft demand at this morning’s 7-Year auction.

  • Broader drivers of subsequent bond weakness have been flagged elsewhere.
  • Futures -54 at 98.68 vs. lows of 98.66, nearing initial support at yesterday’s lows (98.56).
  • Yields 4.0-5.5bp higher on the day.
  • Potential for tightener interest in the 10-Year Gilt/Bund spread flagged in an earlier bullet.
  • BoE-dated OIS 1-6bp less dovish through mid-’25. Showing 25.5bp of cuts for Nov, 40bp through year-end and 123bp of easing through June ’25.
  • SONIA futures 0.5-4.0 lower on the day.

MNI EXCLUSIVE: Former NY Fed Exec On MNI's FedSpeak Podcast

Sep-25 14:46

MNI speaks with former NY Fed executive Rick Roberts in the latest episode of the FedSpeak podcast. - On MNI Policy MainWire now, for more details please contact sales@marketnews.com