PLN: Zloty Holds Steady, NBP Rhetoric Support Bets On 25bp Cut In March

Feb-12 10:59

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EUR/PLN trades flat at 4.2161 with latest rounds of NBP speak lending support to pre-existing expect...

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SOFR: SFRM6/M7 Sold & SFRH6-Z6 Strip Blocked

Jan-13 10:55

{US} SOFR: Recent trade includes:

  • SFRM6/M7 4K given at -21.5
  • SFRH6-Z6 strip 1.5K blocked, looks like a buyer.

SONIA OPTIONS: Call Condor vs Put Spread

Jan-13 10:50

SFIZ6 96.65/96.75/97.05/97.15c condor v 96.25/96.00ps, bought the condor for 2.25 in 8k.

BOE: ILTR usage net increase GBP1.892bln

Jan-13 10:47
  • ILTR gross takeup was GBP3.727bln (the highest since 4 November) with net takeup GBP1.892bln (the highest since 11 November).
  • An increase in usage this week was probably expected to some extent given the APF sales operation yesterday, but that will have only reduced reserves by around GBP0.9bln, so this is still higher usage than we expected.
  • Total ILTR usage was already at a record high last week and now stands at a new record of GBP64.633bln.
  • We will be watching Friday's STR operation to see if there is any corresponding reduction there to partly offset this increase.