RUSSIA: Putin: 'Theft Of Assets By West Will Lead To No Good'
May-26 10:57
Wires carrying comments from Russian President Vladimir Putin.
- Putin: 'Theft of Russian assets by the West will lead to no good'
- Putin: 'It is impossible to cut off Russia from hi-tech in the West'
- Putin: 'We see problems in supply chains and transportation'
- Putin: 'Exit of some foreign companies may be for the best'
These comments come as Western nations seek to mount pressure on Russia to enable grain exports from Ukraine to avoid significant hardship in countries reliant on Ukrainian production. Moscow has demanded an end to Western sanctions in exchange for allowing 'corridors' to export grain.
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LIBOR: US FIX - 26/04/22
Apr-26 10:57
- US00O/N 0.33014 -0.00029
- US0001M 0.74871 0.05071
- US0003M 1.23814 0.01328
- US0006M 1.82771 0.00900
- US0012M 2.54629 -0.00542
BOND SUMMARY: EGB/Gilt: Recouping Earlier Losses
Apr-26 10:56
European government bonds had a weak start to the session before starting to recover losses through the morning. Equities are broadly higher alongside gains in the commodities space and a mixed performance in G10 FX.
- UK Parliamentary Under-Secretary of State for the Armed Forces James Heappey has stated that it was legitimate for Ukraine to use Western weapons to attack targets on Russian soil, while Russian Defence Minister Sergeĭ Lavrov has stated that the West is engaged in a proxy war with his country.
- UK public sector borrowing data came in lower than expected for March.
- Gilts have gained ground through the morning, although much of the curve still trades below yesterday's close. The very long end of the curve is 2bp steeper.
- The bund curve has bull flattened with the 2s30s spread narrowing 2bp.
- OATs have recovered through the morning and now trade close to flat on the day.
- Supply this morning came from Italy (BTP/BTPei, EUR3.75bn) and Austria (ATBs, EUR1.855bn)
- Preliminary US durable goods data for March, new home sales for for March and the Richmond Fed Manufacturing index data will be published later today.
EGB SYNDICATION: Greece 5Y Tap Mandate
Apr-26 10:52
Greece to re-open 2.00% Apr-27 bond via syndicated transaction. Details below.
- As noted earlier, anticipated supply may have been a factor in GGB spread widening over the past 2 sessions (see 1149BST bullet).
- JLMs: BNP Paribas, BofA Securities, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and J.P. Morgan
- ISIN GR0118020685
- Source: BBG
