US DATA: Softest ADP Employment Growth Since August
Jan-08 13:28
- ADP employment was softer than expected in December at 122k (cons 140k) after an unrevised 146k in Nov.
- It’s the softest pace of ADP jobs growth since August.
- The lack of revisions left some large discrepancies with private payrolls in recent months (at least in the latest vintage for both), having undershot payrolls by 63k in Sep, overshoot by a huge 186k in Oct and then undershot again by 48k in Nov.
- The latest ADP employment data show nearly all job creation was in large companies (500+), continuing a recent theme.
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EQUITIES: Large Commerzbank Call option trade
Dec-09 13:19
CBK (20th June) 18c, sold at 0.38 in 25k.
STIR: Repo Reference Rates
Dec-09 13:11
- Secured Overnight Financing Rate (SOFR): 4.60% (+0.01), volume: $2.277T
- Broad General Collateral Rate (BGCR): 4.58% (+0.01), volume: $838B
- Tri-Party General Collateral Rate (TGCR): 4.58% (+0.01), volume: $809B
- (rate, volume levels reflect prior session)
SPAIN T-BILL AUCTION PREVIEW: On offer tomorrow
Dec-09 13:01
Tesoro Publico has announced it will be looking to sell a combined E2-3bln of the following letras at its auction tomorrow, December 10:
- the 3-month Mar 7, 2025 letras
- the 9-month Sep 5, 2025 letras
