US DATA: Softer-Than-Expected Hourly Compensation Restrains ULCs At End-24 (1/2)

Feb-06 15:50

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Unit labor costs were a little softer than expected at the end of last year, with the longer-term tr...

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US DATA: Softer Hires Rate Chimes With Lower Quits

Jan-07 15:49
  • Returning to the JOLTS report, hiring details were also on the soft side, chiming more with the resumed downtrend for quits rates than the stronger than expected job openings.
  • The hires rate fell to 3.31% in Nov from 3.39% in Oct and 3.51% in Sept, drawing level with the 3.31% in June that marked the lowest since Apr 2020 and before that late 2013. 
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GILT AUCTION PREVIEW: On offer next week

Jan-07 15:46

The DMO has announced it will be looking to sell GBP1bln of the 1.25% Nov-54 linker (ISIN: GB00BPSNBG80) at its auction next Tuesday, January 14.

EGB SYNDICATION: New 30-year SLOREP: Priced

Jan-07 15:36
  • Size set earlier: E1bln (MNI had expected E1.0-1.5bln)
  • Spread set earlier at MS+128 (Guidance was MS+140bps area then MS+135bps area)
  • Reoffer price 99.10 to yield 3.548%
  • Benchmark: DBR 2.5% 08/15/54 +85.1
  • Books above EU2.1b (including JLM interest)
  • Maturity date: 14 April 2055
  • Coupon: 3.5%, annual, act/act, long first
  • Issuer: Slovenia Government Bond (SLOREP)
  • Settlement: 14 January 2025 (T+5)
  • ISIN: SI0002104873
  • Joint bookrunners: Deutsche Bank, Erste Group, Goldman Sachs Bank Europe SE, HSBC, J.P. Morgan (B&D), and OTP Banka Slovenia
  • Timing: 3:20pm London

Details as per Bloomberg and Market Source