STIR: Dovish Reaction To Retail Sales Miss Extends, 40bp Fed Cut For The Year

Feb-14 14:10

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* The dovish reaction in US rates has continued following the surprisingly weak retail sales repor...

Historical bullets

BOBL: Block trade

Jan-15 14:10

Bobl Block trade, suggest Buyer:

  • OEH5 4k at 116.83.

EGB SYNDICATION: Ireland 30-year mandate

Jan-15 14:06

"Ireland has mandated Danske Bank, Deutsche Bank, Goldman Sachs Bank Europe SE, Goodbody, HSBC and J.P. Morgan as joint lead managers for a forthcoming EUR3bn (no-grow) long 30-year RegS benchmark transaction, maturing 18 October 2055." From market source.

  • We had noted that we thought there would be an Irish syndication this week and noted the 30-year as a possibility given that there is already a May-35 IGB outstanding (that was originally issued as a 15-year bond).
  • The E3bln WNG transaction size is also in line with our expectations.

US TSY FUTURES: BLOCK: Mar'25 30Y Ultra-Bond Buy

Jan-15 14:03
  • +3,781 WNH5 117-06 (+129), buy through 117-01 post-time offer at 0856:50ET, DV01 $775,000. Contributing to the latest pull higher with the contract tapping 117-07