EQUITIES: Eurostoxx 50 Futures Rally to Fresh Cycle Highs

SX5E (17th April) 4500/4275ps, bought for 15.6 and 15.7 in 15k.

• The Yen is starting to see broader offers, has fully reversed the Overnight gains against the Dollar and is also testing the intraday lows versus the EUR, and AUD.
• US Yields have reversed the small early price action and are moving higher as futures tick back to their respective lows, although they are still trading in positive territory.

• Spread set at MS+102bp (guidance was MS+107bps area)
• Size: Benchmark (MNI expects E3-4bln)
• Books in excess of E31bln (inc JLM interest)
• Maturity: 15 June 2035
• Settlement: 21 January, 2025 (T+5)
• ISIN: GR0124041758

Via Bloomberg / market source