US-RUSSIA: Trump Confirms Zelenskyy White House Visit On 28 Feb

Feb-26 16:49

Reuters reports US President Donald Trump has confirmed that Ukrainian President Volodymyr Zelenskyy will travel to the White House on Friday 28 Feb. Says the two will sign an agreement on rare earth metals and 'other things', adding that "We will get our money back". Earlier it was speculated the trip could be a non-starter after Zelenskyy said that the minerals deal was not concluded due to uncertainties over security guarantees. 

  • Separately, aState Dep't spox confirms that a meeting of US and Russian officials will take place tomorrow (27 Feb) in Istanbul, Turkey. The focus will be on the 'operations of bilateral diplomatic missions'. Spox says that "Ukraine is not on the agenda in talks", and that "There are no political or security issues" due to be discussed either. Russian Foreign Minister Sergey Lavrov confirmed the talks in a presser earlier today (see 'RUSSIA: Lavrov Pushes Back Again On Prospect Of European Peacekeepers In Ukraine', 1103GMT).

 

Historical bullets

ITALY AUCTION PREVIEW: On offer this week

Jan-27 16:43

MEF has announced it will be looking forward to sell the following at its auction this Thursday, January 30:

  • E2.5-2.75bln of the 3.00% Oct-29 BTP (ISIN: IT0005611055)
  • E1.5-2.0bln of the 3.85% Feb-35 BTP (ISIN: IT0005607970)
  • E1.0-1.5bln of the 3.35% Mar-35 BTP (ISIN: IT0005358806)
  • E2.25-2.75bln of the 1.10% Apr-33 CCTeu (ISIN: IT0005620460)

US TSYS/SUPPLY: Review 2Y Auction

Jan-27 16:34

Tsy futures remain bid (TYH5 +18 at 109-01) after the latest $69B 2Y note auction (91282CMH1) comes out nearly in line: 4.2110% high yield vs. 4.210% WI; 2.66x bid-to-cover vs. 2.73x prior.

Indirect take-up retreated to 65.02% from 82.09% prior, directs rebounded to 21.27% vs. 6.65% prior, primary dealer take-up 13.71% vs. 11.26% prior.

The next 2Y auction is tentatively scheduled for February 24.

FED: US TSY 26W BILL AUCTION: HIGH 4.140%(ALLOT 66.53%)

Jan-27 16:32
  • US TSY 26W BILL AUCTION: HIGH 4.140%(ALLOT 66.53%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 31.29% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 8.08% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 60.63% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 2.92