EM CEEMEA CREDIT: Romania: Royalties Deal and License Extension for OMV Petrom
Dec-10 13:54
(ROMANI; Baa3neg/BBB-neg/BBB-neg)
- OMV Petrom reached an agreement with Romania’s government that sees Neptun Deep block royalties +40%, with some benefit in terms of other cost structures. Exploration license is extended by 2 years.
- The Neptun Deep project is run in conjunction with state-owned Romgaz.
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US TSYS: Paring Losses
Nov-10 13:51
- Treasuries following Bund rebound off lows at the moment, Dec'25 10Y trades 112-21.5 (-6) still off early overnight "high" of 112-23. Decent volumes with TYZ5 >480k.
- Curves mildly flatter: 2s10s -.159 at 53.133, 5s30s -.659 at 100.651.
- TYZ5 resistance to watch is 113-02, the Nov 5 and 7 high. Clearance of this level would highlight a potential bullish reversal.
- While ending US Gov shutdown hopes have risen, decent rate lock sales added to overnight sale with Verizon 5Pt expected today.
MNI EXCLUSIVE: Ex-Head of Cleveland Fed's Center for Infl Research - Interview
Nov-10 13:49
- MNI interviews the former head of the Cleveland Fed's Center for Inflation Research -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
GLOBAL POLITICAL RISK: Week Ahead 10-16 November
Nov-10 13:28
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(MNI) London – All timings are subject to change.
Monday 10 November:
- Global: The 30th session of the Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change gets underway in the city of Belém, Brazil, on the edge of the Amazon rainforest. The meeting will continue for another two weeks, with the Brazilian leadership attempting to reach a significant deal on combating climate change. Notably, the US is not participating, having already missed last week’s leaders’ summit.
