Euro (EUR)
EUR Swaps: Correlation amid hike talk: Dutch PFs on UFR a...
EUR fixed income was very much driven by the Fed today, while ECB hike talk starts to bubble. Dutch PFs start to eye indexation, but UFR is an issue.
USDi: Hawkish Powell knocks BEs out of initial flight
Today’s hawkish interpretation of the FOMC decision and Powell comments knocked BEs out of initial flight as the risk tone soured.
EUR Vol: 5y gamma declines; Vega gains
Across the euro grid 5y gamma underperformed, while vega posted gains. New structured issues brings another CDC callable and a SPIRE deal.
EUR Swaps: Steeper long-end; Mixed ASW flows; WG on EURIB...
The euro long-end is steeper amid supply while ASW flows are mixed. Minutes from ESMA RFR WG meetings reveal mixed views on EURIBOR XCCY.
EUR New Issues: Finland 20y, EIB 7y, Land NRW 2068 tap
Euro issues pricing today include a new Finland 20y, EIB 7y and Land NRW tapping 2068s.
USDi: BEs track broader risk tone again, but end mostly i...
BEs largely tracked the broader risk tone once again intraday, but ended mostly in the black despite a still shaky risk backdrop.
EUR Vol: Mixed grid; 5y to stay elevated?
Euro implieds were mixed today. Ahead, some expect 5y gamma to stay elevated.
EURi: OATei-53 syndi goes well; FRF and front end surge
A successful syndication of the OATei-53 occurred alongside unexpected strength in French inflation and the front end, according to dealers today.
EUR Swaps: Retreat but risks linger; Big supply arrives
The Bund and ASWs have retreated from yesterday's highs. Big supply arrives from the likes of France and KfW.
EUR New Issues: KfW €5bn 5y; France €3bn 30y linker; CPPIB
France is pricing a new 30y linker. Also pricing are CPPIB, KfW and Hitachi UK.