RENEWABLES: German Wind Output Forecast Comparison

Feb-20 15:33

See the latest German wind output forecast for base-load hours from SpotRenewables vs Bloomberg’s ECMWF model for the next seven days as of Thursday afternoon.

  • Both models have similar wind forecasts over 21-22 February, with the smallest deviation on those days at between 0.22-0.33GW.
  • The largest deviations are seen on 26 February and 1 March as SpotRenewables anticipates wind to drop from 25 February, while ECMWF predicts wind to increase on 26 February. The models are also seen diverging on 1 March.
  • Despite these differences, both models suggest a general trend of high volatility of wind generation from 23 February until 1 March.




     

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CAD: FX Exchange traded Option

Jan-21 15:24

CADUSD (7th Feb) 69.00p, sold at 0.30 in 1.4k.

EQUITIES: Very large put trade in Stoxx600

Jan-21 15:23
  • SXXP (21st Mar) 500p, traded for 2.7 in 56.5k.
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EGB SYNDICATION: 5/15-year LITHUN EMTN: Priced

Jan-21 15:21
  • EU1b 5Y Fixed (Jan. 28, 2030) at MS+60
    • Revised guidance MS+60-65 area will price in range, guidance MS+70 area
    • Reoffer price 99.542 to yield 2.975%
    • Benchmark: OBL 2.5% 10/11/29 +68.2
    • Books above EU2.05b (excluding JLM interest): Leads
    • Coupon: 2.875%, annual, act/act ICMA
    • ISIN: XS2979761769
  • EU1b 15Y Fixed (Jan. 28, 2040) at MS+125
    • Revised guidance MS+125-130 area will price in range, guidance MS+145 area
    • Reoffer price 98.283 to yield 3.777%
    • Benchmark: DBR 4.25% 07/04/39 +106.2
    • Books above EU2.6b (excluding JLM interest): Leads
    • Coupon: 3.625%, annual, act/act ICMA
    • ISIN: XS2979761926
  • Settlement: Jan. 28, 2025
  • Bookrunners: BNPP (B&D), BofA, JPM
  • Co-Lead (no books): SEB Lithuania
  • Timing: FTT immediately

Details as per Bloomberg