The FT is reporting that the United States has cut off intelligence sharing with Ukraine in what would prove a major blow to Kyiv's ability to counter Russia's invasion and hit targets within the Russian Federation. FT: "US intelligence co-operation has been essential for Ukraine’s ability to identify and strike Russian military targets. Two officials confirmed that Washington had frozen intelligence channels with Kyiv. But one of the officials said the US was still sharing intelligence on Russia and Ukraine with its closest allies, including the UK."
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Bund futures have pierced earlier session highs of 133.26, now +76 today at 133.28. Little in the way of fresh headline flow seen, with NY desks starting to filter in and assess the weekend’s tariff-related developments.
OI data points to a mix of net long setting and net short cover in Euribor futures on Friday, with the EUR short-end rallying on the softer-than-expected French and German state-level flash inflation readings.
31/01/2025 | 30/01/2025 | Daily OI Change | Daily OI Change In Packs | ||
ERH5 | 553,447 | 560,714 | -7,267 | Whites | -26,561 |
ERM5 | 735,364 | 745,031 | -9,667 | Reds | -6,419 |
ERU5 | 516,879 | 514,947 | +1,932 | Greens | -4,516 |
ERZ5 | 655,616 | 667,175 | -11,559 | Blues | +4,383 |
ERH6 | 412,436 | 406,614 | +5,822 | ||
ERM6 | 343,631 | 346,728 | -3,097 | ||
ERU6 | 261,077 | 264,177 | -3,100 | ||
ERZ6 | 292,740 | 298,784 | -6,044 | ||
ERH7 | 154,087 | 154,852 | -765 | ||
ERM7 | 123,882 | 121,591 | +2,291 | ||
ERU7 | 95,693 | 97,372 | -1,679 | ||
ERZ7 | 119,667 | 124,030 | -4,363 | ||
ERH8 | 54,987 | 54,013 | +974 | ||
ERM8 | 43,861 | 42,121 | +1,740 | ||
ERU8 | 29,648 | 28,009 | +1,639 | ||
ERZ8 | 43,662 | 43,632 | +30 |
SONIA FIX - Source: BBG/ICE | ||
1M | 4.48650 | -0.0317 |
3M | 4.45900 | -0.0163 |
6M | 4.36110 | -0.0251 |
12M | 4.22150 | -0.0399 |