Amid an intra-coalition disagreement over European Commission plans to utilise E150bln in loans for joint procurement of European-made military equipment, PM Dick Schoof has come up with the compromise that until the full details of the ReArm Europe plan are finalised, the Dutch gov't will abstain on any European Council vote related to the programme of loans.
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Details of the latest Tsy quarterly futures from March'25 to June'25 below, FVH5/FVM5 continues to lead volumes while overall percentage complete remains low, appr 2%-3% across the curve ahead the "First Notice" date on February 28. Current roll details:
The DMO has announced it will be looking to sell GBP4.25bln of the 4.375% Mar-28 Gilt (ISIN: GB00BSQNRC93) at its auction next Wednesday, February 19.
USD unwinds some more of the CPI-driven bid as comments from Trump economic advisor Hassett signal the potential for offramps surrounding reciprocal tariffs (examples of potential outcomes include exemptions for some countries, delays in implementation or at least negotiations surrounding the matter).