US NATGAS: Californian Daily Natgas Fundamentals

Mar-06 16:53

Total state-wide demand in California is currently at 6.64bcf/d, down by around 0.17bcf/d. Demand is 0.61bcf/d above the 30-day average.

  • End user demand is down 138 mcf/d to 5.79 bcf/d today. This compares to the 30-day average of 5.24 bcf/d.
  • Exports to Mexico are weaker today at 0.42bcf/d. This compares to 0.44 bcf/d yesterday and the 30-day average of 0.38 bcf/d.
  • Net natural gas inflows to California via pipeline stand at 5.12bcf/d, down by around 0.24bcf/d on the day. Pipeline inflows are 5.23bcf/d above the 30-day average.
  • The main driver of the fall in pipeline inflows is a 170 mcf/d drop on Kern River. Flows in from the Pacific Northwest are largely stable at 1.52 bcf/d, but down 180 mcf/d from the 30-day average.
  • All demand, supply, and pipeline flows data is from Bloomberg.

Historical bullets

EGB SYNDICATION: Croatia 12-year CROATI: Priced

Feb-04 16:35
  • Reoffer price 99.745 to yield 3.276%
  • Spread set at MS + 90bps (IPTs were +120bp area, guidance: + 95bp area)
  • Coupon: 3.25%
  • Size: E2bln (MNI expected E1.5bln)
  • Final books in excess of E4.4bln
  • HR 88% vs 4.00% Jan-37 Bund (ref: 115.14 / 2.513%)
  • Maturity: 11 February 2037 (12-year)
  • Settlement: 11 February 2025 (T+5)
  • ISIN: XS2997390153
  • Joint Bookrunners: Erste Group, IMI-Intesa Sanpaolo/PBZ, ING (B&D), J.P. Morgan, Morgan Stanley
  • Timing: TOE 16:09GMT / 17:09CET. FTT Feb 5th @ 16:45GMT / 17:45CET

From market source / BBG

FED: US TSY 42D AUCTION: HIGH RATE 4.250%; 71.47% AT HIGH

Feb-04 16:32
  • US TSY 42D AUCTION: HIGH RATE 4.250%; 71.47% AT HIGH
  • US TSY 42D BILL AUCTION: DEALERS TAKE 35.33% OF COMPETITIVES
  • US TSY 42D BILL AUCTION: DIRECTS TAKE 2.75% OF COMPETITIVES
  • US TSY 42D BILL AUCTION: INDIRECTS TAKE 61.92% OF COMPETITIVES
  • US TSY 42D AUCTION: BID/COVER 2.80

EGB SYNDICATION: Croatia 12-year CROATI: Priced

Feb-04 16:28
  • Reoffer price 99.745 to yield 3.276%
  • Spread set at MS + 90bps (IPTs were +120bp area, guidance: + 95bp area)
  • Size: E2bln (MNI expected E1.5bln)
  • Final books in excess of E4.4bln
  • HR 88% vs 4.00% Jan-37 Bund
  • Maturity: 11 February 2037 (12-year)
  • Settlement: 11 February 2025 (T+5)
  • ISIN: XS2997390153
  • Joint Bookrunners: Erste Group, IMI-Intesa Sanpaolo/PBZ, ING (B&D), J.P. Morgan, Morgan Stanley
  • Timing: FTT 16:45CET, Feb 5, 2025

From market source / BBG