EMISSIONS: UKAs Rises 0.9% After Irish Politician Calling For CBAM Clarification
Nov-20 16:04
UKAs Dec25 Rise By Near 0.9% following Margaret Mary Ritchie, Northern Irish politician, requesting CBAM mitigation clarification during a UK Parliament meeting.
- This urge echoed the letter sent by the Northern Ireland Scrutiny Committee to the Secretary of State on 19 November requesting an update on EU CBAM mitigation within 10 days.
- The letter stated that limited progress on EU-UK ETS linkage raises serious concerns over the EU CBAM implications for Northern Ireland.
- MNI posted the letter this morning at 9:31 BST
- UKA DEC 25 up 2% at 58.25 GBP/t CO2e
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ITALY AUCTION RESULTS: Day 2 Oct-32 BTP Valore Books Total E4.3bln
Oct-21 16:03
- Day 2 books for the Oct-32 BTP Valore (ISIN: IT0005672016) totalled E4.3bln. Total books now stand at E9.7bln.
- This will be the fifth BTP Valore issued (but the first of 2025) and have the longest maturity to date. Since launching in 2023, BTP Valore volumes have ranged from E11.2-18.3bln with maturities ranging from 4-6 years.
- The last BTP Valore issued in May 2024 (maturity May 2030) saw day 2 books total E2.9bln, and cumulative books after two days total E6.6bln.
- So far in 2025 there have been two Italian retail offerings: the 9-year BTP Piu in February for E14.9bln and the 7- year BTP Italian in May with a retail takeup of E8.8bln.
- Books for the Oct-32 Valore opened on Monday, and will close at 1300CET on Friday (October 24). The guaranteed minimum coupon rates will be 2.60% for years 1-3, 3.10% for years 4-5 and 4.00% for years 6-7.
MNI EXCLUSIVE: MNI Speaks to Finnish State Treasury Debt Department Head
Oct-21 16:00
- Finnish State Treasury debt department head Anu Sammallahti speaks about Finnish sovereign debt Issuance -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
CANADA DATA: CPI Breadth Narrows, Offering A Dovish Offset To Firmer Core Data
Oct-21 15:54
MNI's calculation of dispersion in September's CPI report points to a slight narrowing of price pressures, which offers a dovish offset to a slight firming in some core metrics in the month.
- The share of items seeing rises of 2+% dipped to a 7-month low 46%, from 50% prior. Above 3% it was 36%, likewise a 7-month low, from 38%, and for 4+%, it was 27%, unrounded an 8-month low (29% prior).
- All of these measures have receded from their Q2 peaks, and we saw a reduction in breadth in September across both goods and services across all of the above buckets.
- Previously Bank of Canada policymakers have been concerned with the broadening out of price pressures across categories, particularly the increase in CPI components growing above 3% and within those, services were a particular worry. The latest numbers are thus an entry into the dovish column when recent inflation developments are considered ahead of the October 29 decision announcement.
