GBPUSD TECHS: Trend Outlook Remains Bullish

Jan-07 18:30

* RES 4: 1.3726 High Sep 17 and a key resistance * RES 3: 1.3661 High Sep 18 * RES 2: 1.3607 2.764 p...

Historical bullets

US: FED Reverse Repo Operation

Dec-08 18:18

RRP usage inches up to $1.703B with 6 counterparties this afternoon from $1.485B Friday. Compares to Tuesday November 18: $0.905B - lowest level since mid-March 2021; this years highest excess liquidity measure: $460.731B on June 30.

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PIPELINE: Corporate Bond Update: $1.25B BNP Paribas Debt Launched

Dec-08 18:12

Date $MM Issuer (Priced *, Launch #)

12/08 $1.25B #BNP Paribas PerpNC8 6.875%
12/08 $750M Level 3 Financing 10NC5 8.5%a 
12/08 $600M #Guardian Life 5Y +65
12/08 $500M #Equitable America Global Funding 3Y +70

US TSYS/SUPPLY: Review 3Y Note Auction

Dec-08 18:04
  • Treasury futures pare losses slightly (TUH6 104-06.62, -1.75) after strong $58B 3Y note auction (91282CPP0) stop: drawing 3.614% high yield vs. 3.622% WI; 2.65x bid-to-cover vs. 2.85x prior.
  • Peripheral stats: Indirect take-up surges to 71.97% vs. 62.7% prior; direct bidder take-up at 19.0% from 27.32% prior; primary dealer take-up 9.03% vs. 9.72% prior.
  • The next 3Y auction is tentatively scheduled for January 12.