GOLD: Sharp Pullback Towards $3,000/oz; Uptrend Still Intact
Mar-21 14:15
Sharp pullback in gold spot gold prices over the last 30 minutes, now -1.5% on the session and re-ap...
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EQUITIES: EU Bank outright put buyer
Feb-19 14:11
SX7E (17th April) 155p, bought for 1.05 in 12k.
EGB OPTIONS: Bobl Put Spread
Feb-19 14:10
OEH5 117.00/117.25ps, bought for 18 in 7.5k.
BUNDS: /SWAPS: Kallas Points To Joint Bonds & Unused COVID Funds For Defence S
Feb-19 14:08
Long-dated German swap spreads see some modest tightening as Kaja Kallas, High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission, tells BBG that joint bond issuance could be used to fund defence spending.
- Kallas noted that joint financing has become a more prominent topic of discussion, with common bond issuance to fund defence spending “on the table.”
- This adds weight to recent train of thought within the market (which factored into swap spread tightening earlier in the week), as well as comments from various EU officials.
- However, the market move may be tempered by Kallas also touting the potential for deploying unused COVID pandemic recovery funds (echoing an FT sources piece from earlier in the day, with ~EUR93bln in unused funds available).
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Mar-21 19:06
