LOOK AHEAD: Thursday Data Calendar: Weekly Claims, PPI, 30Y Bond Sale, Fed Speak

Aug-13 10:34

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* US Data/Speaker Calendar (prior, estimate). All times ET * 08/13 0815 Cleveland Fed Hammack modera...

Historical bullets

GILT SYNDICATION: 1.75% Sep-38 I/L gilt: Priced

Jul-14 10:34
  • Reoffer: 96.471 to yield 2.0792%
  • Size: GBP4.75bln (The average size of a linker syndication in the DMO plan for this fiscal year is GBP3.5bln. We saw that as the smallest possible size with a GBP4-5bln transaction more likely with risks of GBP5.5bln. So this size is within our expected range).
  • Books closed in excess of GBP60bln (inc JLN interest of GBP4.75bln)
  • Spread set earlier: 1.125% Nov-37 I/L gilt +9.25bp (GB00B1L6W962) (Guidance was +9.25/+9.50bps)
  • Hedge ratio: 55% vs 1.125% Nov-37 linker
  • Expected Settlement Date: 15-July-2026 (T+1)
  • ISIN:  GB00BMY62Z61
  • Joint Leads: BARC (B&D/DM) / BNPP / NatWest / NOMURA
  • Timing: Priced 11:30 UKT
From market source / MNI colour

US STOCKS: Latest Earnings Cycle Kicks Off

Jul-14 10:29

The latest equity earnings cycle kicks off this morning with Goldman Sachs, Bank of America, JP Morgan, Wells Fargo and Citigroup reporting.

LOOK AHEAD: Tuesday Data Calendar: ADP Wkly, CPI, Fed Speak & Chair Warsh

Jul-14 10:25
  • US Data/Speaker Calendar (prior, estimate). All times ET
  • 07/14 0600 NFIB Small Business Optimism: reported 97.4 from 95.3 prior
  • 07/14 0815 ADP Weekly Employment Change (21k, --)
  • 07/14 0830 Real Avg Weekly Earnings (-0.5% rev, --), Hourly (-0.8% rev, --)
  • 07/14 0830 CPI MoM (0.5%, -0.1%), CPI YoY (4.2% 3.8%)
  • 07/14 0830 Core CPI MoM (0.2% 0.2%), YoY (2.90% 2.80%)
  • 07/14 1000 Fed Chair Warsh House Financial Services Cmte. testimony
  • 07/14 1130 US Tsy $95B 6W bill auction
  • 07/14 1240 Fed's Barr Speaks on Artificial Intelligence
  • 07/14 1300 Chicago Fed Goolsbee fireside chat
  • 07/14 1330 Fed Gov Cook on financial Inclusion, moderated Q&A
  • 07/14 1455 Fed VC Bowman on financial Inclusion, moderated Q&A
  • 07/14 1600 Total Net TIC Flows ($26.1B, --), Net Long-term flows ($103.1B, --)
  • Source: Bloomberg Finance L.P. / MNI