EM CEEMEA CREDIT: Zambia: IMF Cuts Growth Forecast, Neutral
Nov-05 15:19
(ZAMBIN; Caa2pos/SD/NR)
- Not a surprise, initial take looks neutral for credit sentiment. In secondary markets, ZAMBIN 33s chart at z+380bp area, unch on the day and near the local lows.
- As the IMF’s VI Review of the ECF concluded, the Fund reduced growth projections for FY26 to 5.8%.
- Among other things, the on-going concerns around hydropower generation impairing mining activity is not new, if anything alternative routes to provide back-up resources using transmission facilities to sustain imports have already been explored.
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OPTIONS: Expiries for Oct07 NY cut 1000ET (Source DTCC)
Oct-06 15:18
- EUR/USD: $1.1650-65(E2.2bln), $1.1695-10(E869mln), $1.1750(E1.3bln), $1.1820(E2.3bln)
- USD/JPY: Y149.25($667mln), Y149.75($811mln), Y150.00($747mln), Y150.60($525mln), Y151.00($776mln)
- AUD/USD: $0.6675-90(A$630mln)
FED: US TSY 13W AUCTION: NON-COMP BIDS $1.956 BLN FROM $84.000 BLN TOTAL
Oct-06 15:15
- US TSY 13W AUCTION: NON-COMP BIDS $1.956 BLN FROM $84.000 BLN TOTAL
FED: US TSY 26W AUCTION: NON-COMP BIDS $1.501 BLN FROM $75.000 BLN TOTAL
Oct-06 15:15
- US TSY 26W AUCTION: NON-COMP BIDS $1.501 BLN FROM $75.000 BLN TOTAL
