HEALTHCARE: Healthcare: Week in Review

Mar-07 15:40

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A strong week with spreads 5bps tighter on average. Despite all the noise around Bund moves, the mar...

Historical bullets

OPTIONS: Expiries for Feb06 NY cut 1000ET (Source DTCC)

Feb-05 15:33
  • EUR/USD: $1.0250(E1.5bln), $1.0300(E1.0bln), $1.0315-25(E2.2bln), $1.0350-55(E1.1bln), $1.0370-80(E1.5bln), $1.0390-10(E2.8bln), $1.0430-50(E2.4bln), $1.0500(E1.2bln)
  • USD/JPY: Y152.50($720mln), Y153.90($1.4bln)
  • EUR/JPY: Y159.30(E878mln)
  • GBP/USD: $1.2455(Gbp1.4bln), $1.2550(Gbp1.1bln)
  • EUR/GBP: Gbp0.8465(E1.1bln)
  • USD/CAD: C$1.4200($1.8bln)
  • USD/CNY: Cny7.3000($524mln), Cny7.3550($648mln)

GILT AUCTION PREVIEW: On offer next week

Feb-05 15:31

The DMO has announced it will be looking to sell GBP1bln of the 0.625% Mar-45 linker (ISIN: GB00BMF9LH90) at its auction next Wednesday, February 12.

STIR: Further Modestly Dovish Reaction To ISM Services Miss

Feb-05 15:30
  • Fed Funds implied rates have eased a little lower on the softer than expected ISM services report for January, currently 0.5-2.5bp lower, with some limit considering the large declines seen over the past two days.  
  • The ISM report included a firm pullback in the prices paid component but it followed an outsized increase in December (the survey estimate on Bloomberg only had three analysts) and as we note in our 1014ET bullet, adverse weather conditions were highlighted by many respondents.
  • Cumulative cuts from 4.33% effective: 5bp Mar, 12.5bp May, 23bp May, 30bp Jul and 50bp Dec. 
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