Thursday, 07 January, 2021
Decent XM volumes again so far today with dealers continuing to report good RM demand which has XMTY back to the bottom of the 5-10 range we have been bouncing around. Late in London yesterday there looked like some interest to receive 5y5y was starting to develop with 2x clips of 130mm+ printing (recouped to 1.75) which has kept EFPs offered in Sydney (along with suspected CTA selling). We are coming up to very big […] Read More
Thursday, 07 January, 2021
we lifted YM in a clip 10,000 to 81 ,, mkt bid over in 10k ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
Tuesday, 05 January, 2021
Georgia Elections: Weaker Dollar And Tsys In Dem Sweep Sell-side analyst consensus appears to be for the Republicans to win at least one of the two special Georgia Senate elections, which are being held today. * A Democratic sweep of both seats and thus control of the White House and Congress is seen as the ‘risk scenario’ (despite now being a roughly 50/50 proposition per betting markets) and thus not viewed as […] Read More
Tuesday, 05 January, 2021
Ashley Joye (ARCHR LLP ) Subject: TIME: Where Is Alibaba Founder Jack Ma? What the Saga of One of the World’s Richest Men Reveals About China Under Xi Jinping Where Is Alibaba Founder Jack Ma? What the Saga of One of the World’s Richest Men Reveals About China Under Xi JinpingThe Alibaba founder, who is personally worth $48.2 billion, has now not been seen in public for at least two months. Read in TIME: https://apple.news/An-OeKVetQ1SLkLTaUcBorA […] Read More
Monday, 04 January, 2021
* German Manf PMI 58.3 (est 58.6) “This increased supply-side pressure was reflected in a sharp acceleration in the rate of input cost inflation faced by German manufacturers to the highest for just over two years. Metals were often reported as up price, as were chemicals and plastics. Average factory gates also rose at a faster rate in December, increasing to the greatest extent since March 2019. “ * French Manf PMI 51.1 (in line). […] Read More
Tuesday, 15 December, 2020
{US} {US} we have started buying these and worth having a look at “if” we end up with a blue sweep we are thinking nothing is priced for the FED to pull fwd a rate hike… edh3 is too high here…. unfashionable as it has become to even contemplate higher rates, a blue sweep could make ED look very rich.. the run offs 5th Jan.. . . . . . and puts are redic cheap […] Read More
Tuesday, 08 December, 2020
NATWEST CTA Trend Follower * CTAs are less bearish on the US Dollar than a few months ago, especially against those currencies which should benefit most from global industry reflation theme – AUD, CAD and MXN FX * Speculative net long positioning (as % of OI) in JPYUSD cross is largest in last four years, supported by max bullish model signal * Heading into the ECB meet, CTA net long positioning in EUR FX is […] Read More
Wednesday, 09 December, 2020
In Brief: • No change in interest rates expected at this meeting • New unanimous expectations that ECB will extend/expand PEPP and TLTROs: o Increase PEPP size by €500bn plus extension until at least the end of 2021 o TLTRO III ‘special’ discounted rate of -1.0% extended until at least the end of 2021 • Some banks expect additional measures to be announced, potentially including: o Increase the Tiering multiplier from […] Read More
Monday, 30 November, 2020
(BN) Three-Month Dollar Libor May Win Retirement Reprieve to Mid-2023 ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Three-Month Dollar Libor May Win Retirement Reprieve to Mid-20232020-11-30 14:00:31.25 GMT By William Shaw, Liz Capo McCormick and Craig Torres (Bloomberg) — The administrator of dollar Libor isconsidering extending key tenors on the discredited interest-rate benchmark until the end of June 2023, according to astatement from the Board of Governors of the Federal ReserveSystem, the Federal Deposit Insurance Corporation and the Officeof the Comptroller […] Read More
Monday, 30 November, 2020
https://www.fca.org.uk/news/statements/fca-response-iba-proposed-consultation-intention-cease-us-dollar-libor ICE Benchmark Administration (IBA), the FCA-regulated and authorised administrator of LIBOR, has today announced that it will consult in early December on its intention to cease US$ LIBOR. IBA intends that, subject to confirmation following its consultation, one week and two month US$ LIBOR settings will cease at end-2021, and that the US$ LIBOR panel will cease at end-June 2023. This follows IBA’s previous announcement to consult on its intention that […] Read More
