EM LATAM CREDIT: Vista Energy Argentina: “Guidance: $Benchmark 7Y +8.5#” - BBG
Jun-04 17:13
(VISTAA; Caa1 /NR /BB-)
IPTs 8Y Final, 7Y WAL: Mid 8s
FV 8Y Final, 7Y WAL: 8.125% Area
• Please see our earlier fair value post for more information:
https://mni.marketnews.com/43If7nE
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PIPELINE: Corporate Bond Update: $2.5B Comcast 3Pt Launched
May-05 17:10
Still waiting for Apple 4pt, GM 3pt and ADP to launch:
- Date $MM Issuer (Priced *, Launch #)
- 05/05 $2.5B #Comcast $650M 7Y +85, $850M 10Y +100, $1B 30Y +122
- 05/05 $1.3B #DTE Electric $300M 2Y +45, $500M 10Y +93, $500M 30Y +103
- 05/05 $1.25B #American Int Group $625M each: 5Y +95, 10Y +112
- 05/05 $1.25B #Prologis $500M +5Y +85, $750M 10Y +103
- 05/05 $Benchmark Apple Inc 3Y +25, 5Y +30, 7Y +40, 10Y +50
- 05/05 $Benchmark General Motors 3Y +155, 5Y +170, 10Y +195
- 05/05 $Benchmark ADP 7Y +63
GLOBAL: Reports Suggest Israel Conducts Strikes in Yemen in Coordination with US
May-05 17:08
- Newswires picking up on the following: “AXIOS, CITING SENIOR U.S. OFFICIAL: ISRAELI ATTACK IN YEMEN CARRIED OUT IN COORDINATION WITH U.S.” (Reuters)
- Appears to be stemming from Axios’ Barak Ravid on social media (translated):
- “Israeli air force conducts strikes in Yemen in retaliation for Houthi ballistic missile attack on Ben Gurion airport on Sunday, Israeli official says”
- “Israeli official: The attack was solely Israeli in coordination with the US. The targets were the port of Hodeidah and a significant factory used by the Houthis.”
US TSYS/SUPPLY: Review 3Y Auction: Small Stop
May-05 17:04
- Still weaker, Treasury futures pare losses slightly after $58B 3Y note auction (91282CND9) stops through, drawing 3.824% high yield vs. 3.826% WI; 2.56x bid-to-cover vs. 2.47x prior.
- Peripheral stats see indirect take-up retreats to 62.37% vs. 73.03% prior; direct bidder take-up rises to 23.71% from 6.24% prior; primary dealer take-up 13.92% vs. 20.73% prior.
- The next 3Y auction is tentatively scheduled for June 10.
