AUTOMOTIVE: Nissan (NSANY Ba1[N]/BB[N]/BB+[N]): Profit Warning

Apr-24 10:13

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A potential resumption of merger talks with Honda under the new CEO remains a key driver. Fundamenta...

Historical bullets

GILT AUCTION RESULTS: Reasonably Soft 20-year Gilt Auction

Mar-25 10:12

The 0.5bp tail at today’s 4.75% Oct-43 Gilt auction was the widest of the eight re-openings for this line (previous range 0.1-0.4bps). Meanwhile, this was the first auction for this line that saw a bid-to-cover of below 3.00x (2.97x at today’s auction, average across the seven prior re-openings: 3.42x).

The secondary market price of the Gilt has fallen to 94.212 since the auction results were published (vs a lowest accepted price of 94.263 and a pre-auction mid-price of 94.230).

US: SOFR FIX - 25/03/25

Mar-25 10:07

SOFR FIX - Source BBG/CME

  • 1M 4.32163 -0.00003
  • 3M 4.30281 0.00697
  • 6M 4.21567 0.02118
  • 12M 4.05632 0.05253

EURIBOR: EURIBOR FIX - 25/03/25

Mar-25 10:06

EURIBOR FIX - EMMI/Bloomberg

  • EUR001W 2.4080 0.0220
  • EUR001M 2.3490 0.0090
  • EUR003M 2.3650 -0.0020
  • EUR006M 2.3860 -0.0130
  • EUR012M 2.3540 -0.0120