Reuters reporting comments from the Pakistani Foreign Ministry, spox says that the Directors General of Operations of India and Pakistan have had periodic contact since the 10 May ceasefire was declared, with discussions on a "mechanism for phases of de-escalation" taking place. Spox says "Pakistan remains committed to the ceasefire and taking necessary steps towards de-escalation," and that Pakistan "calls on its international partners to ensure India remains committed to de-escalation". Spox: "Should India resume hostilities, Pakistan will have no choice but to respond."
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| Type | 11-month BT |
| Maturity | Mar 20, 2026 |
| Amount | E1.25bln |
| Target | E1.00-1.25bln |
| Previous | E1.223bln |
| Avg yield | 1.974% |
| Previous | 2.227% |
| Bid-to-cover | 1.9x |
| Previous | 2.48x |
| Previous date | Mar 19, 2025 |
SOFR futures were subjected to more pronounced OI movement than their Tsy peers on Tuesday, with net long cover seemingly dominating in the whites, before net short cover came to the fore further out the strip.
| 15-Apr-25 | 14-Apr-25 | Daily OI Change |
| Daily OI Change In Packs |
SFRH5 | 1,120,538 | 1,118,447 | +2,091 | Whites | -61,663 |
SFRM5 | 1,225,842 | 1,242,301 | -16,459 | Reds | -79,240 |
SFRU5 | 972,961 | 997,273 | -24,312 | Greens | -20,827 |
SFRZ5 | 1,065,880 | 1,088,863 | -22,983 | Blues | -8,594 |
SFRH6 | 659,193 | 672,680 | -13,487 |
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SFRM6 | 703,130 | 724,145 | -21,015 |
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SFRU6 | 662,402 | 679,706 | -17,304 |
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SFRZ6 | 878,840 | 906,274 | -27,434 |
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SFRH7 | 596,613 | 605,552 | -8,939 |
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SFRM7 | 553,912 | 563,948 | -10,036 |
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SFRU7 | 364,189 | 365,486 | -1,297 |
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SFRZ7 | 404,394 | 404,949 | -555 |
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SFRH8 | 254,197 | 257,684 | -3,487 |
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SFRM8 | 180,371 | 183,053 | -2,682 |
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SFRU8 | 135,530 | 137,181 | -1,651 |
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SFRZ8 | 148,360 | 149,134 | -774 |
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