AMERICAS OIL: Plains Sees Permian Crude Production Expanding Up to 300K Y/Y: BBG
Feb-07 16:57
Plains Sees Permian Crude Production Expanding Up to 300K Y/Y: BBG * Plains forecasts Permian crude...
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US STOCKS: Making Modest Gains, Health Care & Software Leading Gainers
Jan-08 16:50
- Stocks kept to a narrow session range by midmorning Wednesday, rebounding after initially selling off along with Treasuries after early headlines reported Trump is considering declaring a state of emergency to enact universal tariffs.
- Rates and stocks bounced after Fed Gov Waller argued for further rate cuts if the economy unfolds as expected, while adding he doesn't see tariffs as being inflationary.
- Currently, the DJIA trades up 35.45 points (0.08%) at 42563.04, S&P E-Minis up 7.75 points (0.13%) at 5961.5, Nasdaq up 24 points (0.1%) at 19511.58.
- Health Care led gainers for the second day running while information Technology sector shares rebounded from early week selling. Boston Scientific +4.49%, GE HealthCare +3.89% and Medtronic gained 3.27%. Meanwhile, software and services shares led tech stocks: Autodesk +2.17%, Synopsys +2.02%, Ansyss +1.69%.
- Conversely, Communication Services and Utility sectors underperformed in the first half, interactive media and entertainment shares weighed on the former: Warner Bros -4.23%, Paramount -3.26%, Match Group -1.79%. Independent power providers weighed on the Utility sector with AES Corp -4.98%, Vistra -4.92%.
EGB SYNDICATION: Italy Dual-Tranche: New 10-year / New 20-year Green: Priced
Jan-08 16:45
New 10-year - record book for a single tranche
- Reoffer: 99.577 to yield 3.733%
- Size: E13bln (MNI expected E10bln)
- Spread set earlier at Feb-35 BTP + 7bp (guidance was + 9bps area)
- Benchmark price ref: 101.84 / 3.663%
- Books in excess of E142bln (ex JLM interest) - record single tranche book
- Maturity: 1 August 2035
- ISIN: IT0005631590
New Green 20-year
- Reoffer: 99.465 to yield 4.181%
- Spread set at 4.45% Sep-43 BTP +5bp (guidance was + 8bps area)
- Benchmark price ref: 104.66 4.131%
- Books in excess of E127bln (ex JLM interest) pre-rec
- Size previously set: E5bln WNG
- Maturity: 30 April 2046
- ISIN: IT0005631608
For both:
- Bookrunners: Banca Monte dei Paschi di Siena, BNP PARIBAS (DM/B&D), Citi, Crédit Agricole CIB, NatWest Markets and UniCredit
- Settlement: 15 January 2025 (T+5)
- Timing: Price 16:22GMT / 17:22CET, FTT immediately
- Record dual-tranche book size
From market source
ITALY AUCTION PREVIEW: On offer next week
Jan-08 16:43
MEF has announced it will be looking forward to sell the following at their auction next Monday, January 13:
- E2.50-2.75bln of the 2.70% Oct-27 BTP (ISIN: IT0005622128)
- E2.75-3.00bln of the 3.15% Nov-31 BTP (ISIN: IT0005619546)
MEF has cancelled the 15y+ BTP line on the back of today's syndication.
