EMISSIONS: UK Government Leave UK ETS Unchanged Despite CCC Suggestions
Oct-29 16:52
In response to the Committee on Climate Change’s (CCC) suggestion to strengthen the UK ETS by introducing a higher carbon price floor, the UK government stated that it will let the market to determine UKA prices, according to the latest Carbon Budget and Growth Delivery Plan, and the Government response to the Climate Change Committee.
- It said that the deal on EU-UK ETS linkage is not yet agreed, and no direct adjustments have been made to account for future flows of ETS allowances between the UK and EU.
- In response to the suggestion of including international shipping emissions in the UK ETS emissions, it said that the international shipping emissions will be included in the UK ETS once the EU and UK ETS are linked.
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OPTIONS: Mixed Trade To Open The Week Includes Rate, Bund Call Spread Buying
Sep-29 16:52
Monday's Europe rates/bond options flow included:
- RXX5 130/131.5cs, bought for 11.5 in ~2.5k
- ERZ5 97.93p, bought for 1 in 5k
- ERH6 98.00/97.9375ps vs 0RH6 97.87/97.75/97.62/97.37p condor, sold the front at 0.5 down to 0.25 in 4k
- SFIM6 96.20/95.90ps 1x2, bought for 5 in 1.5k
- SFIZ6 96.25/96.75/97.00cfly vs SFIM6 96.00p x2, traded 7.75 for the Fly in 7.5k. This trade was done Paper to Paper
- SFIZ6 96.60/96.75cs vs 96.25/96.15ps, bought the cs for 0.75 in 7k Total
ISRAEL: Axios Reports on Netanyahu Apologising for Violating Qatari Sovereignty
Sep-29 16:41
- Via Barak Ravid at Axios on Social Media:
- "Israeli prime minister Benjamin Netanyahu spoke on the phone with the prime minister of Qatar Mohammed Bin Abdulrahman al-Thani and apologized for violating Qatari sovereignty in the strike on Doha and expressed regret for the killing of a Qatari security guard, per source familiar. The call took place during the meeting between Netanyahu and Trump."
US TSY FUTURES: BLOCK: Dec'25 10Y Cross
Sep-29 16:24
- 5,000 TYZ5 112-17.5, post time offer at 1216:45ET, DV01 $338,300.
- The 10Y contract trades 112-17 last (+8.5)
