EQUITIES: US Opening calls - Some potential Volatility

Dec-20 14:25

US Cash Equity Open could see some Volatility into and post open, there are Large Options expiries in the US Today, so can't rule out potential quick moves.

  • Calls: SPX: 5,856.3 (-0.2%); DJIA: 42,339 (-0.0%/-3pts); NDX: 21,011.4 (-0.5%).

Historical bullets

PIPELINE: Corporate US$ Debt Issuance Update

Nov-20 14:14

Issuers migrating off the sidelines as Russia/Ukraine tensions cool slightly, and as the latest corporate earnings cycle have nearly run it's course.

  • Date $MM Issuer (Priced *, Launch #)
  • 11/20 $600M Adani 20Y +7.45%
  • 11/20 $BenchmarkPrinciple Life 5Y +90a
  • 11/20 $Benchmark BP Capital 2027 tap, 5Y, 2034 tap
  • 11/20 $Benchmark Smurfit Westrock Financing 10Y +130a
  • 11/20 $Benchmark Blackstone Private Credit Fund 5Y +185a, 10Y +215a
  • 11/20 $Benchmark State Street Bank & Trust 2Y +55a, 2Y SOFR, 5Y +75a
  • 11/20 $Benchmark AppLovin 5Y +115a, 7Y +135a, 10Y +145a, 30Y +175a
  • 11/20 $Benchmark International Development Assn (IDA) 5Y SOFR+47
  • 11/20 $Benchmark Commonwealth Bank of Australia (CBA) 2Y +50a, 2Y SOFR

US TSYS: US 10yr spread is sold in good size

Nov-20 14:05

US 10yr Spread sold in size at -5:

  • TYZ4/TYH5 sold at -5 in 50k.

STIR: Effective Fed Funds Rate

Nov-20 14:05

FRBNY EFFR for prior session:

  • Daily Effective Fed Funds Rate: 4.58% (+0.00), volume: $99B
  • Daily Overnight Bank Funding Rate: 4.58% (+0.00), volume: $269B