SPAIN AUCTION PREVIEW: On offer next week
Sep-13 12:02
Tesoro Publico has announced it will be looking to sell the following Oblis at its auction next Thursday, September 19:
- the 5.15% Oct-28 Obli (ISIN: ES00000124C5)
- the 3.10% Jul-31 Obli (ISIN: ES0000012N43)
- the 3.45% Jul-43 Obli (ISIN: ES0000012K95)
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
STIR: BLOCK/Screen: Sep'24 SOFR Call Spread
Aug-14 11:57
- 13,250 SFRU4 95.37/95.50 call spds, 3.0 vs. SFRU4 at 95.16/0.06%
SONIA: Call fly
Aug-14 11:43
SFIX4 95.40/95.50/95.60c fly, bought for 1.75 in 5.5k.
US DATA: Mortgage Refinancing Doubles Over Past Year
Aug-14 11:36
- MBA composite mortgage applications jumped a seasonally adjusted 16.8% last week.
- It was again driven by particularly strong refinancing activity (34.5% after 16%) which has jumped higher on the almost 50bp decline in 30Y mortgage rates over the past month (although the rate only dipped 1bp to 6.54% in the latest week).
- New purchase applications meanwhile increased 2.8% after 0.8% following an 8% cumulative decline over the prior three weeks.
- MBA’s VP and deputy chief economist Kan: “The refinance index also saw its strongest week since May 2022 and was 117% higher than a year ago, driven by gains in conventional, FHA, and VA applications."
- Putting the latest increases into perspective, it leaves purchases at 53% of 2019 levels and refis at 51%.
