POWER: Romania to Tender 3.5GW of Renewables in Late Q3
Apr-10 08:42
Romania plans to hold its second CfD tender by the end of Q3 2025 to award 1.47GW of solar capacity and 2GW of onshore wind capacity according to RenewablesNow, citing the energy ministry.
- The auction will be part of Romania’s €3bn CfD auction programme that is funded by the EU’s Modernisation Fund.
- Romania’s energy ministry previously said it is set to auction 3.5GW of renewable capacity in 2025, without mentioning details of the split of the technologies.
- Romania allocated 1.5GW of renewable energy projects in the previous auction. The weighted average price for a solar PV project under the tender stood at €51/MWh and at €65/MWh for an onshore wind project.
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FOREX: FX Exchange traded Roll Pace
Mar-11 08:30
Expect FX exchange traded roll to pick up this Week, should be all done by Friday ahead of the Expiry next Monday (17th March).
ROLL PACE:
- EUR: 24%.
- GBP: 26%.
- JPY: 35% (above pace).
- CHF: 22%.
- CAD: 15% (below pace).
- AUD: 22%.
- NZD: 27% (above pace).
- SEK: 38% (above pace).
- NOK: 27%.
EURIBOR OPTIONS: Put Condor seller
Mar-11 08:26
ERH5 97.75/97.62/97.50/97.37p condor, sold at 11 in 10k (said to be profit taking).
BUNDS: /SWAPS: ASWs Narrower On Latest Fiscal Hope, Off Cycle Lows
Mar-11 08:26
Weakness in bonds, driven by renewed hope for a fiscal deal by the end of the week following the previously covered comments from the Greens, weighs on ASWs.
- Spreads vs. 3-month Euribor 0.3-1.2bp lower, with the long end under the most pressure after underperforming yesterday.
- Spreads remain relatively close to, albeit above, cycle/all-time lows.
- The speed of delivery (expected to be skewed into H225) and maturity mix of any fiscal loosening-driven issuance are set to shape the outlook for ASWs over a multi-month horizon.
- A reminder that positioning in the long end of the ASW spread curve continues to feel short, which means that any further spread narrowing is unlikely to come in a straight line.
