EMISSIONS: UK Climate Committee to Advice Gov on Carbon Budget on 26 March

Feb-21 12:17

You are missing out on very valuable content.

The Climate Change Committee (CCC) will publish its advice on the UK's seventh Carbon Budget (CB7) o...

Historical bullets

EURIBOR OPTIONS: Call Fly buyer

Jan-22 12:11

ERM5 98.00/98.50/99.00c fly, bought for 3 in 8k.

US DATA: MBA Applications Hold Bounce But Still Depressed

Jan-22 12:08
  • MBA composite mortgage applications increased 0.1% last week (sa) to consolidate the 33% jump the week prior.
  • This consolidation is reflected by both new purchases (0.6% after 26.9%) and refis (-2.9% after 43.5%).
  • The 30Y mortgage rate dipped 7bps to 7.02% after the 7.09% the prior week marked its highest since Mar 2024.
  • The increase in applications has been impressive considering the climb in mortgage rates from a recent low of 6.13% in late September, although composite applications are still only 48% of 2019 averages (new purchases 63%, refis 32%).
  • Within the details, the regular to jumbo spread held its push higher at 4bps, having last week seen the regular rate push above the jumbo rate for the first time since Nov 2023. 
image

OPTIONS: Larger FX Option Pipeline

Jan-22 12:07
  • EUR/USD: Jan23 $1.0295-00(E2.7bln), $1.0400(E1.8bln), $1.0435-40(E1.0bln); Jan24 $1.0350(E1.4bln
  • USD/JPY: Jan23 Y155.00($1.6bln); Jan27 Y155.95-00($1.3bln)
  • AUD/USD: Jan23 $0.6200-05(A$1.8bln), $0.6300(A$1.0bln)
  • NZD/USD: Jan23 $0.5660-75(N$1.0bln)
  • USD/CAD: Jan23 C$1.4450($1.1bln); Jan24 C$1.4380($1.4bln), C$1.4500($1.6bln)
  • USD/CNY: Jan23 Cny7.5000($1.9bln); Jan24 Cny7.4500($1.4bln); Jan27 Cny7.6000($2.1bln)