CREDIT SUPPLY: SIB: Final Pricing
Feb-19 12:41
Sharjah Islamic Bank (SIB: Baa2/A-/BBB+) USD 500mm WNG 5Y Sukuk IPT: T+ 105 FV: T+ 90bp Priced: ...
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EURIBOR: Short Cover Prevalent In Greens On Friday
Jan-20 12:34
OI data points to a mix of long setting and short cover in Euribor futures on Friday. Indicative short cover was most prevalent in the greens.
| 17/01/2025 | 16/01/2025 | Daily OI Change | Daily OI Change In Packs | ||
| ERH5 | 619,574 | 609,247 | +10,327 | Whites | +42,586 |
| ERM5 | 684,320 | 662,770 | +21,550 | Reds | -1,678 |
| ERU5 | 508,662 | 501,598 | +7,064 | Greens | -11,434 |
| ERZ5 | 669,704 | 666,059 | +3,645 | Blues | +1,024 |
| ERH6 | 405,566 | 409,364 | -3,798 | ||
| ERM6 | 330,503 | 328,475 | +2,028 | ||
| ERU6 | 271,353 | 269,627 | +1,726 | ||
| ERZ6 | 281,982 | 283,616 | -1,634 | ||
| ERH7 | 168,609 | 172,715 | -4,106 | ||
| ERM7 | 128,388 | 130,393 | -2,005 | ||
| ERU7 | 100,505 | 101,823 | -1,318 | ||
| ERZ7 | 128,677 | 132,682 | -4,005 | ||
| ERH8 | 53,367 | 54,374 | -1,007 | ||
| ERM8 | 44,457 | 44,288 | +169 | ||
| ERU8 | 23,384 | 21,743 | +1,641 | ||
| ERZ8 | 40,710 | 40,489 | +221 |
US: MNI POLITICAL RISK-Trump Plans Unprecedented Day 1 Exec Orders
Jan-20 12:30
- Due to extreme cold weather in the Washington D.C. area, President-elect Donald Trump and Vice President-elect JD Vance will take the oath of office inside the United States Capitol building today. Please find a rough guide of the Inauguration Day schedule inside.
- In a break with tradition, several foreign heads of state and government will be in attendance, including Italian Prime Minister Giorgia Meloni, Argentine President Javier Milei, and Ecuadorian President Daniel Noboa. China’s vice president, Han Zheng, will attend on behalf of President Xi Jinping, who declined an invitation.
- Trump is expected to announce an unprecedented swathe of executive actions grouped into three broad policy buckets: Government reform, energy, and border security.
- Trump is expected to sign the orders in law via a series of ‘omnibus’ packages throughout the day. Notably, no reports of Trump’s Day 1 orders make substantial mention of tariffs or trade. We have a summary of the roughly 200 expected executive orders inside.
- Trump intends to visit China within his first 100 days in office, according to the Wall Street Journal.
- The incoming Trump administration wants regime change in Venezuela but that “doesn't necessarily mean military action,” according to Axios.
- Poll of the Day: Americans are more aligned with Trump ahead of his second term than they were during his first term.
Full article: US DAILY BRIEF
CROSS ASSET: Core Bonds are testing their respective lows
Jan-20 12:24
- Bund is now testing Friday's low of 131.50, and {us} US Tnotes (TYH5) is also seeing some selling interest at the low, just git sold in 3k.
- Further downside in Bund future would see next support at the 131.00 figure.
- The French OAT sees Friday's low at 122.02, so far printed a 122.08 low.
- No Impact in the USDJPY as of Yet, the move in Bonds is very gradual, 1 tick at a time and nothing fast, but still worth keeping an eye on Tnotes.
