OIL: Positive Outlook for Global Oil Demand Growth: Russia’s Novak

Mar-26 13:50

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Russia's Deputy PM Alexander Novak said that he is positively assessing the current growth in global...

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CANADA DATA: Q4 Business Profits +2.1% Led By Non-Financials

Feb-24 13:49
  • Canadian Q4 corporate net income before taxes +2.1% to CAD164.5B.
  • Increase driven by non-financial sector +3.2% led by telecommunications, motor vehicle manufacturing and mining while decline in pharmaceutical, petroleum and coal moderated those gains.  
  • Financial sector -0.7%. Banking and other depository credit intermediation industry contributed most to sector decline due to asset sales and increase in non-recurring expenses. Gains in dividends and interest income partially offset decreases.  

US TSY FUTURES: BLOCK: Mar'25 10Y Buy

Feb-24 13:43
  • +5,300 TYH5 109-17.5, post-time offer at 0830:02ET, DV01 $335,000. The 10Y contract remains under pressure, however, trading 109-16 last (-6).

GILTS: Roll Activity Continues To Tick Over, Around A Third Complete

Feb-24 13:39

Futures roll trading continues to tick over, with the H5/M5 spread trading down from 0 to -5 over the past week or so as activity has picked up ahead of Thursday’s first notice for H5.

  • Spread last -5/-4.
  • Latest indications point to just under 32% roll completion vs. just under 20% at Friday’s close.