Euro (EUR)
A slow start for €STR issuance; EIB on its second deal
Sources discuss why 2020 has seen a slow start for €STR issuance, while EIB discusses its recently priced second €STR-linked deal.
EUR Vol: Bad memories as offers disappear, strikes hit
Memories of last summer were haunting traders minds today as gamma soared higher and offers disappeared from the screens as strikes were hit.
EUR Swaps: Long-end yield grab as 30y swap sinks; ASWs fa...
Outright long-end receiving and a sharp drop in 30y swap rates emerges. LCH/EUREX remains bid amid paying interest.
EUR New Issue Pipeline: France 2052 syndication; CRH and ...
France is launching a new 2052 via syndication. Others also working on deals are CRH and Telefonica.
USDi: BEs bear steepens as coronavirus spreads
BEs bear steepened as fears of spreading coronavirus soured the risk tone.
EUR MTNs: Callables; A few repacks; Long taps
A light stream of euro callables was accompanied by a handful of repacks over the last week or two plus taps of long-dated vanilla bonds.
EUR Swaps: LCH/EUREX still better bid; Split on Italian r...
Bunds are modestly lower as dealers become virus experts. LCH/EUREX basis remains better bid. Banks disagree over Italian risk-reward.
EUR New issues: Lighter
The previously hectic pace of EUR new issuance slowed by another notch heading into the weekend.
USDi: Mixed Jan30s debut; BEs claw back some
China’s coronavirus infected the risk tone today, muddying up the prospects for today’s 10y TIPS auction
EURi: French auction goes well but oil drop, Bund rally hit
Inflation was marked lower today on a perfect storm of virus concerns, weaker oil prices and stronger Bunds. Still, AFT supply was well-digested.