EM LATAM CREDIT: Peru: President Boluarte Impeached - Negative
Oct-10 11:42
(PERU; Baa1/BBB-/BBB) "Peru's Boluarte Ousted and Jer Sworn in as President" - Bbg...
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EGB SYNDICATION: Luxembourg New 10-Year Sep-35 LGB: Allocations
Sep-10 11:41
- Spread set at MS + 30bp (Guidance was MS+35bps area then revised to MS+32bps area )
- Size: E2.5bln (MNI pencilled in a transaction size of E1.00-1.75bln so this is larger than we expected)
- Books in excess of E18bln ex JLM interest
- Maturity: 17-September-2035
- Settlement: 17-September-2025 (T+5)
- Hedge ratio: 99.5% vs 2.60% Aug-35 Bund
- ISIN: LU3182454440
- Bookrunners: BofA / BCEE / CACIB / DB / SG (B&D)
- Timing: Hedge deadline 13:00BST / 14:00CET. Pricing later today
From market source / MNI colour
OUTLOOK: Price Signal Summary - Bear Threat In Oil Futures Remains Present
Sep-10 11:32
- On the commodity front, Gold remains in a clear bull cycle and last week’s gains plus this week’s bullish start to the week, reinforce current conditions. The yellow metal has traded to a fresh all-time high. The break also confirms a resumption of the primary uptrend and an extension of the sequence of higher highs and higher lows. The next objective is $3674.8, A 2.382 projection of the Dec 30 ’24 - Apr 3 - 7 price swing. Initial firm support lies at $3474.7, the 20-day EMA.
- In the oil space, the trend condition in WTI futures is unchanged - a bear cycle remains intact. The pullback from the Sep 2 high highlights a possible reversal and the end of the corrective phase. Initial resistance to watch is $66.03, the Sep 2 high. Key short-term resistance has been defined at $69.36, the Jul 30 high. A stronger resumption of weakness would pave the way for a move towards $57.71, the May 30 low.
US TSY FUTURES: BLOCK: Dec'25 2Y Buy
Sep-10 11:28
- +4,000 TUZ5 104-12.62, buy through 104-12.5 post time offer at 0713:00ET, DV01 $163,200.
- The 2Y contract trades 104-12.5 last (-.62)
