SPAIN AUCTION RESULTS: Well Digested Auction, Largest Allocation To 10-year Line
Jul-17 08:47
Overall, a well digested auction. Total of E5.684bln sold, in the mid/upper end of the E5-6bln range. Most of the sale was concentrated towards to the 10-year on-the-run 3.20% Oct-35 Obli (E2.392bln).
- For this line, the bid-to-cover ratio of 1.98x was above last month’s 1.73x. Today’s auction was the second re-opening of the bond after being launched via syndication in May.
- Pre-auction mid prices were above lowest accepted prices across the three lines on offer.
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MNI EXCLUSIVE: Sources Give View On New Dutch Central Bank Head
Jun-17 08:27
Eurosystem sources give their view on the incoming Dutch central bank chief -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.
FOREX: FX OPTION EXPIRY
Jun-17 08:22
Of note:
EURUSD 1.8bn at 1.1600/1.1625.
EURUSD 2.24bn at 1.1500 (wed).
USDCAD 1.38bn at 1.3600 (wed).
EURUSD 1.88bn at 1.1600 (thu).
AUDUSD 1.1bn at 0.6600 (thu).
- EURUSD: 1.1500 (233mln), 1.1525 (233mln), 1.1600 (446mln), 1.1625 (1.36bn).
- USDCAD: 1.3620 (350mln).
EU-BOND SYNDICATION: 3.375% Oct-39 EU-bond: E5bln WNG: Final terms
Jun-17 07:53
- Spread set at MS+73bps (guidance was MS + 75bps area)
- Tap Size set earlier: E5bln (WNG) (the bottom of the E5-9bln range MNI expected)
- Books in excess of E75bln (inc E5.9bln JLM interest)
- ISIN: EU000A3LZ0X9 (immediately fungible)
- JLMs: BofA (DM/B&D) / GSBE SE / NatWest / SG / UBS
- Timing: Books to close at 9:30BST / 10:30CET
From market source / MNI colour
