EU FINANCIALS: Luminor - New Issue - €150 WNG Perp NC6.5 AT1 - FV
Feb-05 10:18
- IPT 7.75%
- FV: 7.25%
- We consider the small size and high quality and good operational results of this banks sheet with the geopolitical risk of being located <200 miles to St Petersburg
- With a similar rating, DB trades around 6.6% at this workout date, although one could argue it screens attractive for its rating.
- Tough to gauge much info from the Sr Pref differential here - it trades 90bps back from DB
- Turkey's recently issued B- rated ISCTR 9 ⅛ PERP is trading at 6.05% XCCY
- Exp. Ratings: Ba2 (Moody's).
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US TSY FLOWS: Block trade
Jan-06 10:16
10yr Block trade suggest buyer:
- TYH5 5k at 108.15.
US TSY FLOWS: Bouncing off the lows
Jan-06 10:09
- Some order related bid in Treasuries helps the strip off its low with a pick up in Volumes as we slowly head into the US session.
- TY is bought in 7k, FV 6k and US 2k, all cumulative volumes, but futures contract remain well within the European ranges.
EURIBOR: EURIBOR FIX - 06/01/25
Jan-06 10:03
EURIBOR FIX - EMMI/Bloomberg
- EUR001W 2.8980 -0.0030
- EUR001M 2.8350 0.0430
- EUR003M 2.7570 0.0260
- EUR006M 2.5850 0.0310
- EUR012M 2.4870 0.0390
