OIL: WTI targets the February low
Feb-13 10:13
- WTI is now looking to test through the February low of $70.44, printed last Week, this was also the lowest printed level since 30th December.
- Oil has slipped lower in early trade after falling some 3% Yesterday, a continuation on peace hope in Ukraine, after Trump said that negotiations will begin imminently.
- A clear break through $70.44 in WTI, would open to $69.79 next.
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EQUITIES: EU Bank rolling Option call
Jan-14 10:11
- SX7E (17th Jan) vs (21st Feb) 149c, bought the feb for 2.7 in 20k.
Suggest rolling call, there's 22.1k OI in the Jan.
GILT AUCTION RESULTS: Decent 30y linker auction
Jan-14 10:09
Decent 30y linker auction with the average price of 80.714 higher than at any time during the auction window. This has led to the price moving higher post-results (albeit now a little below the striking price of the auction).
- The bid-to-cover of 3.06x was marginally lower than some other 14+ gilt auctions recently - but to still be in excess of 3x shows no real concerns in the market here.
- 10-year nominal yields moved down marginally on the release of the results (but largely retraced that move now).
- No reaction in the 10-year or shorter part of the curve, nor in gilt futures.
EURIBOR: EURIBOR FIX - 14/01/25
Jan-14 10:05
EURIBOR FIX - EMMI/Bloomberg
- EUR001W 2.9260 0.0110
- EUR001M 2.8520 0.0020
- EUR003M 2.7610 -0.0240
- EUR006M 2.6850 0.0300
- EUR012M 2.6120 0.0360
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