EMISSIONS: UK Launches Clean Industry Bonus
Feb-13 09:24
The UK government launched new investment, Clean Industry Bonus, providing financial support to offshore wind developers to invest in industrial, oil and gas communities, it said.
- The scheme rewards developers who build sustainable low carbon factories, offshore wind blades, cables and ports to reduce industrial emissions
- The investment will come with an initial £27 million per GW of offshore wind projects, and up to £200 million in total funding across developers.
- The plan was first announced by UK PM Keir Starmer during COP29.
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EGBS: Positive French Political Headlines Only Have Marginal RV Impact On OATs
Jan-14 09:24
The 10-Year SPGB/OAT/PGB butterfly is only ~4bp off cycle closing lows, last -52.5bp.
- That is despite this morning’s OAT-positive headlines surrounding the possibility of an agreement between the Socialist Party and ruling government (see our political risk team’s bullets for greater colour on that matter).
- Such an agreement would likely prove sufficient for the Bayrou government to avoid censure in a 16 January vote.
- An agreement would also lessen the immediate political risks the country faces, but France would still face heightened fiscal and political risks over the medium term.
- That explains the limited bounce in this structure, which has only rallied by ~1bp on the day.
Fig. 1: 10-Year Spain/France/Portugal Butterfly
Source: MNI - Market NEws/Bloomberg
MNI: ITALY INDUSTRIAL PRODUCTION NOV 0.3% M/M, -1.5% Y/Y WDA
Jan-14 09:10
- MNI: ITALY INDUSTRIAL PRODUCTION NOV 0.3% M/M, -1.5% Y/Y WDA
DUTCH AUCTION RESULTS: 2.00% Jan-54 DSL
Jan-14 09:08
| 2.00% Jan-54 DSL* | Previous | |
| ISIN | NL00150012X2 | NL0015614579 |
| Amount | E1.915bln | E1.96bln |
| Avg yield | 2.953% | 2.581% |
| Avg Price | 81.60 | 49.82 |
| Pre-auction mid | 81.505 | 49.732 |
| Previous date | 10-Sep-24 |
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