US: Trump Unveils Reciprocal Tariff Roadmap, Timeline Takes Shape

Feb-13 19:32

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US President Trump has signed a measure ordering his administration (namely the USTR and Commerce Se...

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PIPELINE: Late Corporate Issuance Roundup: $19.75B to Price Tuesday

Jan-14 19:28
  • Date $MM Issuer (Priced *, Launch #)
  • 01/14 $3.5B *British Colombia 3Y SOFR+45
  • 01/14 $3B *KFW +5Y +40
  • 01/14 $2.5B #BNG Bank 5Y SOFR+47
  • 01/14 $2.5B *CADES 5Y SOFR+68, upsized from $2B
  • 01/14 $2B #Adobe $800M 3Y +30, $700M 5Y +40, $500M 10Y +55
  • 01/14 $2B *CAF 5Y SOFR+82
  • 01/14 $2B *IFC 3Y SOFR+29
  • 01/14 $1.25B #BFCM $900M 5Y +95, $350M 5Y SOFR+123
  • 01/14 $500M Blackstone Private Cr Fund 7Y +170
  • 01/14 $500M #Hyundai 3Y +80

US STOCKS: Late Equities Roundup: Second Half Recovery, Banks Up Ahead Earnings

Jan-14 19:08
  • Stocks have recovered from midday lows and are making moderate gains in late trade - still off this morning's post-data knee-jerk highs as accounts square risk and migrate to the sidelines ahead of Wednesday's key CPI inflation data.
  • Currently, the DJIA trades up 206.18 points (0.49%) at 42504.32, S&P E-Minis up 20 points (0.34%) at 5894, Nasdaq up 46.2 points (0.2%) at 19133.11.
  • Utilities continue to outperform while Financial sector shares have gained momentum in the second half. Independent power and electricity providers rebounded after Monday's selling: Vistra +4.91%, Constellation Energy +3.09%, NRG Energy +2.42%.
  • Banks and financial services shares led gainers in the second half - taking some risk with banks kicking off the latest earnings cycle tomorrow: Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, followed by M&T Bank, US Bancorp, Morgan Stanley and PNC on Thursday.
  • Leading gainers included Citizens Financial +3.74%, Huntington Bancshares +2.81, Fifth Third +2.8% and Discover Financial Services +2.64%.
  • On the flipside, Health Care and Communication Services continued to underperform in late trade. Pharmaceuticals weighed on the Health Care sector: Eli Lilly -6.5% after phase 1 trials of it's weight loss drug were terminated, Charles River Labs -5.35%, Biogen -3.64% and Moderna -2.87%.
  • Interactive media and entertainment shares weighed on the Communication Services sector: Meta -1.83% amid reports of staff reductions of lowest 5% performers, Netflix -0.62%, Alphabet -0.32%.

US TSY OPTIONS: UPDATE: Large Mar'25 10Y Call Buy Update

Jan-14 18:49
  • over +128,600 TYH5 108.5 calls on the day from 27 to 29 vs. futures from 107-08.5 to -11 on an appr 0.30% delta