EM CEEMEA CREDIT: PEOPW: Higher DVD proposed by state owned PFR, credit neutral
Apr-23 10:39
Bank Pekao (PEOPW; A2/A-/BBB)
Higher DVD proposed by state owned PFR, credit neutral
• PFR (owns 12.8% stake in Bank Pekao), is proposing a higher dividend payment for 2024, amounting to PLN18.36 per share. Pekao’s board is recommending PLN12.6 per share. The AGM is tomorrow.
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EU-BOND AUCTION RESULTS: 5/20-year EU-bond results
Mar-24 10:38
| 3.125% Dec-30 EU-bond | 4.00% Apr-44 EU-bond | |
| ISIN | EU000A3LNF05 | EU000A3K4EL9 |
| Amount | E2.371bln | E2.373bln |
| Previous | E2.899bln | E2.326bln |
| Avg yield | 2.805% | 3.786% |
| Previous | 2.575% | 3.287% |
| Bid-to-cover | 1.09x | 1.19x |
| Previous | 1.48x | 1.36x |
| Avg Price | 101.652 | 102.858 |
| Low Price | 101.630 | 102.800 |
| Pre-auction mid | 101.607 | 102.726 |
| Prev avg price | 103.073 | 110.142 |
| Prev low price | 103.060 | 110.090 |
| Prev mid-price | 103.023 | 110.042 |
| Previous date | 21-Oct-24 | 23-Sep-24 |
SONIA: Call spread vs put spread
Mar-24 10:37
SFIZ5 96.20/96.30cs vs 95.75/95.65ps, sold the cs at half in 5k.
US TSY FUTURES: CFTC CoT Shows Funds Adding To Short, A Managers Adding To Long
Mar-24 10:32
The latest CFTC CoT report shows asset managers building on their overall net long position in Tsy futures, while leveraged funds added to their overall net short.
- Asset managers added to longs in TY, UXY & WN futures, while they trimmed net longs in TU, FV & US futures. The cohort remains net long across all contracts.
- Hedge funds added to net shorts in FV, TY, UXY and WN futures, while they trimmed net shorts in TU & US futures. The cohort remains net short across all contracts.
- Meanwhile, the non-commercial cohort added to net shorts in FV, TY & UXY futures, while trimming net shorts in TU, US & WN futures (further details in image below). The cohort remains net short across all contracts,
Source: MNI - Market News/CFTC/Bloomberg
