Euro (EUR)

GBP Vol: Top left sold; 1m strong; Vega flow or jiggery-p...

The top left of the sterling vol grid is sold, 1m remains well supported, while vega bids confound traders.

EUR Swaps: Spreads stay pressured; ALM and negative conve...

Bund swap spreads fail to re-widen despite the risk-off backdrop. DB looks at ALM and negative convexity.

EUR New Issue Pipeline: ADB, CA, LBP, UBI, ZF

ZF Europe Finance is working on a four-part EUR benchmark deal. Also pricing are ADB, Credit Agricole, LBP Home Loan and UBI Banca.

EUR MTNs: Re-Packs; Lone CMS; Long-dated vanilla

Euro-denominated MTNs emerging over the last week or so included re-packs, a lone CMS structure, and some long vanilla.

EUR Vol: Quiet pre-Tunnel; 10y10y record

Traders reported a pretty flat day in EUR vol despite Brexit deal hopes, with one trader explaining that “we’re all watching the underlying.”

EUR Swaps: Unloading in ASWs; 100 tick Brexit deal risk?

China and the US combined are much, much more important than the EU and UK in economic terms, but traders, said minds are fixed on Brexit.

JP Morgan on developments in €STR trading

JP Morgan's co-head of EMEA rates, Tom Prickett, discusses recent developments in €STR trading and the prospects for the nascent benchmark.

EUR New Issues: Carnival coming to town

Carnival, the world’s largest leisure travel company, has mandated BAML, BNPP, Citi, GS and NatWest for a EUR 10y.

EURi: Trade talk, Brexit and oil lift market; AFT meetings

Trade talk and oil lift market with breakevens and inflation swaps all marked higher

Basis: SOFR mania; Italy whopper drives EUR/USD

An impressively busy day once more for new issuance saw the shadow of Italy’s $7bn 3-part cast over much of the curve.