POWER: French Morning Renewable Forecast

Sep-13 07:55

See the latest French renewables forecast for base-load hours for the next seven days from this morning, including the day-on-day change. French wind is anticipated to be at a 40% load factor on 17 Sept – likely dropping cost to a low over the period – with the possibility of negative power prices for some hours.

French: Wind for 14-21 September:

  • 14 September: 2.99GW (unchanged),
  • 15 September: 2.97GW (unchanged),
  • 16 September: 4.19GW (unchanged),
  • 17 September: 8.00GW (unchanged),
  • 18 September: 6.91GW (unchanged),
  • 19 September: 3.44GW (unchanged),
  • 20 September: 2.93GW (unchanged)
  • 21 September: 1.98GW

French: Solar for 14-21 September:

  • 14 September: 4.31GW (unchanged),
  • 15 September: 4.41GW (unchanged),
  • 16 September: 3.30GW (unchanged),
  • 17 September: 2.90GW (unchanged),
  • 18 September: 2.46GW (unchanged),
  • 19 September: 2.76GW (unchanged),
  • 20 September: 2.64GW (unchanged)
  • 21 September: 3.10GW



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Historical bullets

SONIA: Call fly buyer

Aug-14 07:54

SFIU4 95.25/95.40/95.55c fly, bought for 2.5 in 3k.

EGBS: Spreads To Bunds Little Changed, U.S. CPI Data Eyed

Aug-14 07:50

Spreads to Bunds are essentially unchanged, with UK CPI data having little lasting impact on EGBs, as the initial knee-jerk rally to the data unwinds.

  • An uptick in the Euro Stoxx will be providing some background spread tightening impetus.
  • 10-Year BTP/Bunds has traded either side of 140bp in recent sessions after peaking at ~154bp during last Monday’s risk-off trade.
  • EUR 3M10Y vol. has stabilised around the middle of its July 23-Aug 5 range.
  • U.S. CPI data provides the macro data release of note today, coming in the wake of yesterday’s softer-than-expected U.S. PPI data.

SONIA: 0ptions are active in early trade

Aug-14 07:48

SONIA Options are quite active, nothing Huge, but few early trades following the UK CPI miss.

  • SFIU4 95.20/95.10/95.00p fly traded for 2 in 1k.
  • SFIX4 95.65/95.45/95.25p fly trades for 5.75 in 3k.
  • SFIF5 95.80/96.50 RR, trades 7.25 for the put in 1k.