MNI: INVITE RPT: MNI Connect VC With ECB's Olli Rehn On Mar 18
Mar-13 10:45
You are invited to listen to a Livestreamed MNI Connect Video Conference with Olli Rehn, Governor of the Bank of Finland & Member of the Governing Council, Europe.
Details below:
- TOPIC OF DISCUSSION: ‘Eurozone economy and ECB monetary policy’
- DATE: Tuesday 18 March
- TIME: 09:00 - 10:15 GMT
- This event will be run as a Zoom Webinar and is a public, on-the-record event.
To register please go to: MNI Webcast Registration
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GILT SYNDICATION: Record size, record book, but which bucket will be reduced?
Feb-11 10:41
Putting that syndication size in context. It's the largest ever at GBP13bln.
- Previous largest was GBP12.0bln in May 2020 (10-year). And larger than the GBP11.0bln sold in June 2024 (the previous 10-year).
- It's also a record book size for a gilt syndication - the record being the GBP119.3bln for the 15-year syndication last month.
- Question is now... There's only GBP1.2bln in the unallocated bucket. So where is the other GBP1.8bln coming from? Smaller medium-dated bucket could easily accommodate GBP1.0bln or so.
- But will there be more taken from elsewhere or will this mean a much smaller auction next month of the gilt issued today?
JPY: A reversal in the Yen
Feb-11 10:36
- A full spin Cycle in the Yen, after spiking earlier with no clear trigger, it is now back at session lows against the EUR, GBP, and the USD.
- As we have previously mentioned, crosses are still mostly within ranges, and the USDJPY would need a test all the way to 152.54 to just test Yesterday's high.
BELGIUM T-BILL AUCTION RESULTS: Short / Long TCs
Feb-11 10:36
| Maturity | May 8, 2025 | Feb 12, 2026 |
| Amount | E777mln | E1.789bln |
| Target | E2.2-2.6bln | Shared |
| Previous | E802mln | E770mln |
| Avg yield | 2.409% | 2.221% |
| Previous | 2.421% | 2.238% |
| Bid-to-cover | 2.24x | 1.7x |
| Previous | 2.68x | 2.54x |
| Previous date | Feb 04, 2025 | Feb 04, 2025 |
