PERU: USDPEN Edges Lower, May CPI Data Due This Weekend
May-28 12:08
- USDPEN has edged down by roughly half a percent this week to trade back below 3.65 While local newsflow has been light, new Finance Minister Perez-Reyes reiterated the government’s 3.5% 2025 GDP forecast yesterday.
- BBVA has said that 3.70 has been established as a resistance level for USDPEN, while trading has been heavier below 3.65, where today’s move leaves the pair.
- May CPI data will cross this weekend – in April, the annual rate remained below the mid-point of the central bank’s target range at 1.65% Y/y.
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US TSY FUTURES: BLOCK: Jun'25 2Y/10Y Steepener
Apr-28 11:56
- Steepener cross posted 0740:00ET:
- +11,000 TUM5 103-25.12, buy through 103-24.88 post time offer vs.
- -6,500 TYM5 111-12.5, post time bid
PIPELINE: Corporate Bond Roundup: Alphabet & 2 South Korean Firms on Tap
Apr-28 11:47
- Date $MM Issuer (Priced *, Launch #)
- 04/28 $Benchmark Alphabet 4pt 5Y +55a, 10Y +70a, 30Y +90a, 40Y +100a; also issuing in Euro: 4Y, 8Y, 12Y, 20Y and 29Y
- 04/28 $Benchmark Posco Holdings 5Y +180a, 10Y +200a
- 04/28 $Benchmark Koomin Bank 3Y +77.5, 5Y +82.5
- $750M Priced Friday, $32.4B total for week
- 04/25 $750M *ADB tap 2028 SOFR+36
EURIBOR OPTIONS: Mid-curve Put Spread Seller
Apr-28 11:34
From a little earlier: 2RZ5 97.25/97.00 put spread, paper sells for 2.75 on 10k.
