EMISSIONS: EU May Present Simplified CBAM Rules in Late February
Feb-12 13:21
The EU is planning to soon release details on how to simplify compliance requirements for companies under by the CBAM, European Commissioner Valdis Dombrovski said, cited by MLex.
- The proposal could be included in the presentation for the “Omnibus package” that is currently scheduled for 26 February. A delay to the date cannot be excluded according to White and Case.
- The Omnibus package is expected to simplify rules for the Corporate Sustainability Reporting Directive, Corporate Sustainability Due Diligence Directive and the EU Taxonomy.
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US TSYS: J.P.Morgan Recommend 5s10s Flatteners
Jan-13 13:17
Late Friday saw J.P.Morgan recommend “adding 5s/10s flatteners to fade some of this aggressive steepening, but to also act as a hedge to our long at the front end.”
- They think “some parts of the yield curve have steepened by more than would be expected. 5s/10s looks about 7bp too steep (regressed against 2-Year yields over the last 6 months), a move of more than 2 standard deviations.”
BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17
Jan-13 13:15
- BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17
STIR: Repo Reference Rates
Jan-13 13:11
- Secured Overnight Financing Rate (SOFR): 4.30% (+0.00), volume: $2.204T
- Broad General Collateral Rate (BGCR): 4.29% (+0.01), volume: $853B
- Tri-Party General Collateral Rate (TGCR): 4.29% (+0.01), volume: $837B
- (rate, volume levels reflect prior session)
