RENEWABLES: France Morning Renewable Forecast

Feb-20 08:59

See the latest French renewables forecast for base-load hours from this morning for the next seven days. In contrast to Germany, French wind will be between 10-12% load factors over 26-27 February (Wed-Thur) – which could lead to day-ahead prices to be at a premium to Germany.

 

French: Wind for 21-28 February

 

  • 21 February: 11.17GW
  • 22 February: 7.63GW
  • 23 February: 5.75GW
  • 24 February: 10.15GW
  • 25 February: 8.30GW
  • 26 February: 2.28GW
  • 27 February: 2.92GW
  • 28 February: 8.39GW

 

French: Solar for 21-28 February

 

  • 21 February: 2.42GW
  • 22 February: 1.36GW
  • 23 February: 2.15GW
  • 24 February: 1.32GW
  • 25 February: 1.13GW
  • 26 February: 2.47GW
  • 27 February: 2.42GW
  • 28 February: 2.90GW







     

    french renews 1

Historical bullets

EGBS: Spreads To Bunds Marginally Wider

Jan-21 08:58

Trump’s apparent focus on imposing tariffs on Mexico & Canada in the coming weeks helps promote some modest EGB spread widening to Bunds today, although the major 10-Year cross-market differentials are within 1bp of yesterday’s closing level. 

  • Bund futures have pulled back from overnight highs, limiting the spread widening as the risk-off moves fade from extremes.
  • 10-Year BTP/Bunds closed below 110bp, with cycle closing lows located at 106.4bp.
  • Meanwhile, 10-Year OAT/Bunds last ~77.5bp, with French political and fiscal risks helping keep that spread above 75bp.
  • Supply pressure is set to come via the French and Lithuanian syndications, with German green supply also scheduled.

USD: EUR and the Pound are testing their intraday lows

Jan-21 08:50
  • The EUR and the Pound are falling back to where they fell Overnight post Trump's Tariffs headline, both EURUSD and Cable are back to their overnight intraday lows.
  • Not Yet seeing any broader moves versus G10s at least.
  • Small support in Cable comes at 1.2222, and a push all the way down to ~1.2186 would reverse Yesterday's WSJ story on Tariffs.
  • EURUSD would need to drift to 1.0320 to reverse that move.

EGB SYNDICATION: 5/15-year LITHUN EMTN: Guidance

Jan-21 08:40
  • EUR Benchmark 5Y Fixed (Jan. 28, 2030) MS+70 Area
    • Coupon: Annual, act/act ICMA
  • EUR Benchmark 15Y Fixed (Jan. 28, 2040) MS+145 Area
    • Coupon: Annual, act/act ICMA
  • Issuer: Lithuania Government International Bond (LITHUN)
  • Settlement: Jan. 28, 2025
  • Bookrunners: BNPP (B&D), BofA, JPM
  • Co-Lead (no books): SEB Lithuania
  • Investor presentation.
  • Timing: May price today.

Details as per Bloomberg