LNG: S Korea to Cut LNG Share in Power Mix: Platts
Feb-21 11:27
South Korea plans to reduce LNG's share in its power mix from 28% to 10.6% by 2038, while increasing...
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LOOK AHEAD: Wednesday Data Calendar: Mtg Apps, Leading Index, 30Y Bond Re-Open
Jan-22 11:22
- US Data/Speaker Calendar (prior, estimate)
- 22-Jan 0700 MBA Mortgage Applications (33.3%, --)
- 22-Jan 1000 Leading Index (0.3%, -0.1%)
- 22-Jan 1130 US Tsy $64B 17W bill & $65B 33D CMB auctions
- 22-Jan 1300 US Tsy $13B 20Y Bond re-open (912810UF3)
SCANDIS: NOKSEK Unwinds Yesterday's Selloff As Crude Recovers
Jan-22 11:17
NOKSEK is 0.3% higher as crude oil prices reverse a portion of yesterday’s decline.
- The Jan 2 low at 0.9717 has been pierced on consecutive sessions, but the cross has been unable to close below this level for now. Clearance of the Jan 2 low would undermine the corrective rally which began at the start of this year and expose trendline support drawn from the August 2024 low at 0.9668. Initial resistance is not seen until the Jan 15 high at 0.9859.
- The SEK has not seen much of a tailwind from today’s European equity outperformance, with tightening Swedish/German rate differentials putting upward pressure on EURSEK intraday.
- Norges Bank are firmly expected to hold rates at 4.50% tomorrow, while continuing to signal for a rate cut in March. We will provide more colour on that event later today.
DUTCH AUCTION PREVIEW: New 10-year DSL To Be Launched Via DDA On March 4
Jan-22 11:17
DSTA will launch a new 10-year benchmark DSL via Dutch Direct Auction (DDA) on Tuesday March 4, 2025.
- The bond will have a maturity of July 15, 2035.
- The target volume is E4-6bln.
- The coupon will be announced on February 28, 2025, with initial spread guidance announced on March 3, 2025. Reference bond: 2.50% Feb-35 Bund (ISIN: DE000BU2Z049)
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