TURKEY: 6.2 Magnitude Earthquake Shakes Istanbul, No Reports of Injuries
- "6.2 MAG. EARTHQUAKE 21 KM SE OF MARMARA EREğLISI TURKEY :USGS" - BBG
Slight uptick in USDTRY on these earthquake headlines (note local equity markets are shut today over a National Holiday). AFAD - the Disaster and Emergency Management Authority of Turkey - have also announced a 6.2 magnitude earthquake was recorded in the Marmara sea, off the coast near Istanbul. Initial reports from local press suggest the impacts are limited to light tremors. Meanwhile, AP report that there were no immediate reports of damage or injuries.
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EGB SYNDICATION: France 0.95% Jul-43 OATei tap mandate
"The REPUBLIC OF FRANCE has mandated BNP PARIBAS, CITI, CREDIT AGRICOLE CIB, J.P. MORGAN, MORGAN STANLEY and SOCIETE GENERALE to act as Joint Lead Managers on an upcoming reopening of the FRTR 0.95 07/25/43 (ISIN: FR001400QCA1) linked to the European harmonised index of consumer prices (excluding tobacco). The transaction will be launched by syndication in the near future, subject to market conditions." From market source
The 0.95% Jul-43 OATei was launched via syndication in May 2024 for E4bln from books of E30bln, It was also reopened via auction last month. We look for a E3-4bln transaction size tomorrow. We also think that theis reduces the probability of a new OATei later this year, although a 30-year launch in H2 can't be ruled out.
EURIBOR: EURIBOR FIX - 24/03/25
EURIBOR FIX - EMMI/Bloomberg
- EUR001W 2.3860 -0.0180
- EUR001M 2.3400 -0.0340
- EUR003M 2.3670 -0.0190
- EUR006M 2.3990 -0.0050
- EUR012M 2.3660 -0.0050
US: SOFR FIX - 24/03/25
SOFR FIX - Source BBG/CME
- 1M 4.32166 0.00155
- 3M 4.29584 -0.00199
- 6M 4.19449 -0.01017
- 12M 4.00379 -0.01959
