EMISSIONS: EUA Funds Positioning More Bullish For Seventh Week
Feb-12 08:45
Speculator positioning in EU ETS futures on the ICE exchange turned again more bullish for the seventh consecutive week with net long positionings still at the highest since the week of 10 September 2021, the latest COT data as of 7 February showed.
- Investment Funds net long positionings increased by 4,924 to +60,491.
- Investment Firm net short positionings increased by 14,388 to -329,831.
- Commercial Undertaking net long positionings were increased by 6,071 +204,493.
- EU ETS Dec25 allowances saw a weekly net decline of around 1.9% with the potential of US tariffs on Europe and weak economic data out of Europe weighing on sentiment, despite the weekly increase in EU gas prices.
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BUNDS: German 10yr Yield Targets the July high
Jan-13 08:45
- The German 10yr got close to that July high, noted at 2.642%, so far printed a 2.634%.
- This level is slightly lower Today, was at 130.56 on Friday, but at 130.50 Today.
- Further out, and a clear break through that area would open risk towards the 2024 high printed in June at 2.706%.
- 2.706% = 129.83 today.
GERMAN AUCTION PREVIEW: On offer tomorrow
Jan-13 08:42
DFA has announced the coupon of the new Apr-30 Bobl (ISIN: DE000BU25042) at 2.40%. E5bln of that Bobl will be on auction tomorrow, January 14.
EGBS: Natixis Recommend Long 10-Year SPGB vs. OLOs
Jan-13 08:40
Natixis recommend long 10-Year SPGB vs. OLOs
- They believe that “Spain will keep outperforming other European countries on the macro front in 2025 and will enjoy some ratings upgrades as well (Moody’s and Fitch). In the meantime, Belgium will be downgraded to A- during the course of the year, enhancing the underperformance of OLOs vs SPGBs.”
