POLAND: 4Q24 GDP Growth Confirmed At +3.2% Y/Y

Feb-27 09:45

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Statistics Poland confirmed Q4 GDP at +3.2% Y/Y, which was in line with preliminary data, with littl...

Historical bullets

STIR: SFRH5/M5 Lifted

Jan-28 09:41

SFRH5/M5 paper paid -16.0 on ~12.1K, taken bid over briefly, with ~1.7K then given, leaving market -16.5/-16.0 (tiny offer) last.

EGB SYNDICATION: Austria dual-tranche: Spread set

Jan-28 09:39

New 10-year Feb-35 RAGB

  • Spread set at MS+48bps (guidance was MS+51bps area)
  • Size: EUR benchmark (MNI expects E4.5-5.0bln including E250-500mln retention)
  • Books in excess of E43bln (inc E3.05bln JLM interest)
  • Maturity: 20 February 2035
  • Coupon: Long first
  • ISIN: AT0000A3HU25 

1.85% May-49 Green RAGB tap

  • Spread set at MS+78bps (guidance was MS+80bps area)
  • Size: EUR benchmark (MNI expects E1.0-2.0bln)
  • Books in excess of E22bln (inc E1.15bln JLM interest)
  • ISIN: AT0000A2Y8G4

For both:

  • JLMs: BofA Securities, Deutsche Bank, Erste Group, J.P. Morgan, Morgan Stanley and Raiffeisen Bank International
  • Timing: Books to close at 10:15GMT / 11:15CET

From market source

CROSS ASSET: US Treasuries are pushing lower

Jan-28 09:30
  • The Risk On tone is starting to take hold, with Europe starting to get dragged by the US.
  • US Treasuries are seeing some similar unwind, with further selling interest pushing Futures to their respective lows, nothing fast but still some early notable volumes in the US.
  • Immediate target in Bund is at 131.33, Yesterday's opening Gap.