OUTLOOK: Price Signal Summary - Bear Threat In Gilts Still Present
Nov-01 12:04
- In the FI space, a bearish theme in Bund futures remains intact and the contract traded lower again, yesterday. Price has this week breached 132.58, the Oct 22 low. The break, together with the subsequent extension, confirms a resumption of the downtrend that started early October and signals scope for a continuation near-term. Sights are on the 131.00 handle next, the Jul 26 low. On the upside, initial key resistance has been defined at 132.65, the Sep 2 low.
- Another steep sell-off in Gilt futures Thursday, confirms a resumption of the current downtrend. The contract has traded through the 94.00 handle and sights are set on 92.99 next, a 2.00 projection of the Sep 17 - 30 - Oct 1 price swing. Moving average studies remain in a bear-mode position, highlighting a dominant downtrend. On the upside, Wednesday’s intraday high of 96.65, is seen as a key short-term resistance where a break is required to highlight a possible short-term base. Initial resistance is 94.68m the Oct 31 high.
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GILT PAOF RESULTS: GBP20.0bln of the 4.125% Jul-29 Gilt sold
Oct-02 12:02
- A total of GBP1000.0mln had been available.
- This leaves GBP29.747bln of the gilt in issue.
MNI EXCLUSIVE: MNI POLICY: EU Likely To Ease Debt Reduction Rules
Oct-02 11:57
EU Likely To Ease Debt Reduction Rules - On MNI Policy MainWire now, for more details please contact sales@marketnews.com
PIPELINE: Corporate Debt Roundup: Canada Pension Plan, Munifin on Tap
Oct-02 11:46
- Date $MM Issuer (Priced *, Launch #)
- 10/02 $1.75B Canada Pension Plan (CPPIB) 3Y SOFR+45
- 10/02 $1B MuniFin 5Y SOFR+46
- 0/02 $Benchmark Taqa 7Y +120a, +12Y +140a
- 10/02 $Benchmark Goodman US Finance 10Y +165a
- 10/02 $Benchmark Kazakhstan +10Y investor calls
- $6.5B Priced Tuesday, led by $5B Accenture 4pt issuance
