EM CEEMEA CREDIT: T.C. Ziraat Bankasi A.S: $ BMK PNC5.5 AT1 - Launch
Oct-30 15:15
(TCZIRA: Ba3/NR/BB-) IPT: 8.75%-8.875% FV: 8.25% Launch: $600Mn @ 8.375%...
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FED: US TSY 52W AUCTION: NON-COMP BIDS $819 MLN FROM $50.000 BLN TOTAL
Sep-30 15:15
- US TSY 52W AUCTION: NON-COMP BIDS $819 MLN FROM $50.000 BLN TOTAL
OPTIONS: Expiries for Oct01 NY cut 1000ET (Source DTCC)
Sep-30 15:12
- EUR/USD: $1.1600-10(E3.3bln), $1.1700-10(E2.2bln), $1.1750-60(E2.1bln), $1.1775(E709mln), $1.1791-05(E1.9bln), $1.1900(E1.3bln), Y147.50($651mln), Y148.65-75($1.0bln)
- USD/JPY: Y146.15($864mln), Y146.40-50($1.7bln)
- EUR/JPY: Y175.00(E802mln)
- EUR/GBP: Gbp0.8780(E599mln)
- AUD/USD: $0.6600-10(A$1.1bln), $0.6700(A$1.6bln)
- USD/CAD: C$1.3900-10($655mln)
- USD/CNY: Cny7.1900($599mln)
US TSYS/SUPPLY: Treasury Ups Bill Sizes To New Records
Sep-30 15:11
Treasury's bill auction sizes for this week were unexpectedly upped: 4-week by $5B to a record $105B, 8-week also by $5B to a joint-record $90B, and 4-month by $2B to a record $67B. See chart below for size history.
- Instead of raising $5B in net cash if they had been unchanged, these will raise $17B on next Tuesday Oct 7's settlement.
- Most expectations we'd seen were for bill sizes to remain relatively steady until later in October so this is coming a little early.
- While it's not clear this was the reasoning, Treasury's TGA cash position had been seen as a little weaker than had been expected in September, and likely to fall short of the $850B targeted for today's end-quarter date (was $786B as of the last Treasury statement date on Sept 26).
