EU FINANCIALS: Sparebank 1 Oestlandet: 3Q25 Results Headlines
Oct-29 10:17
(SPOLNO; Aa3/NR/NR)
Credit neutral. Good growth in NII and Fee income. Marginally higher provisions, but CoR remains low. CET1 +0.4% to 17.3%. Company guides to cost reductions/efficiency gains as 2026 targets, possibly as a reaction to cost increases evident in Q3 yoy numbers.
- Net interest income 1,193 vs 1,021 (+172 / +17%)
- Net commissions and other operating income 508 vs 433 (+75 / +17%)
- Net income from financial assets and liabilities 252 vs 530 (−278 / −52%)
- Total operating expenses 727 vs 596 (+131 / +22%)
- Net loan loss provisions 121 vs 106 (+15 / +14%)
- Profit after tax 876 vs 1,080 (−204 / −19%)
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CRYPTO: Bitcoin Upside Option Call Buyer
Sep-29 10:12
CME Bitcoin upside, look for test back at the Record high:
- XBT (26th Dec) 125k call, bought for 4800 in 350 lots.
US TSY FUTURES: CFTC CoT Shows Funds & Asset Mangers Trimming Exposure
Sep-29 10:07
The latest CFTC CoT report pointed to relatively aggressive trimming of exposure in Tsy futures on the part of both asset managers and leveraged funds in the week ending September 23.
- Asset managers trimmed net longs in all contracts outside of FV futures, adding modestly to longs in the latter. This meant that the cohort trimmed its curve-wide net long position by $13.6mln DV01 equivalent but remained net long in all contracts.
- Leveraged funds covered net shorts in TU, FV & TY futures, while they added to shorts in UXY, US & WN futures at the margins. This meant that the cohort reduced their curve-wide net short exposure by $8.2mln DV01 equivalent but remained net short across the curve.
- Meanwhile, broader non-commercial accounts trimmed net shorts in TU, UXY, US & WN futures, while they added to net shorts in FV & TY futures. The cohort remains net short across the curve (see table below for more granular detail on non-commercial positioning).
Source: MNI - Market News/CFTC/Bloomberg Finance L.P.
EQUITY OPTIONS: Estoxx Put Fly
Sep-29 10:05
SX5E (19th June) 5400/5000/4600p fly, bought for 51 in 4k.
