OIL PRODUCTS: China Traffic Congestion Rebounds as Holiday Ends: BNEF

Feb-13 15:25

China’s road traffic congestion in China’s 15 key cities rose 56.1 percentage points in the seven days Feb. 12, BNEF said.

  • Traffic levels fell rose to 88% of Jan 2021 levels, BNEF said.
  • “The rebound marks the end of the Spring Festival holiday, and the attendant return of road travel.,” BNEF said.
  • BNEF expects congestion levels to continue climbing, nearing pre-holiday levels in the coming days.
Screenshot 2025-02-13 152410
Source: Bloomberg

Historical bullets

SONIA: Sonia call spread vs put trades for more

Jan-14 15:24

SFIZ5 96.35/97.00cs x3 vs 95.60p x1, bought the cs for -2 in 10k total.

SCHATZ: Swap related trade

Jan-14 15:23

Schatz Swap related trade, suggest Payer:

  • DUH5 8k at 106.49.

EGB SYNDICATION: 10-year GGB: Priced

Jan-14 15:19
  • Reoffer: 99.913 to yield 3.637%
  • Coupon: 3.625%, short first
  • Spread set earlier at MS+102bp (guidance was MS+107bps area)
  • Size set earlier: E4bln (top of the E3-4bln range MNI expected)
  • HR: 98% vs 2.50% Feb-35 Bund + 99.1bp (ref 98.715)
  • Books in excess of E40.5bln (inc JLM interest)
  • Maturity: 15 June 2035
  • Settlement: 21 January, 2025 (T+5)
  • ISIN: GR0124041758
  • Timing: TOE 15:06GMT / 16:06CET. FTT immediately

Via Bloomberg / market source

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