MNI BRIEF: Former BOC Governor Sees 1 or 2 More Cuts This Year

MNI BRIEF: Italy’s Inflation Seen Lower In '24 And '25 - BOI

BOC AFFIRMS QT IS SEEN ENDING SOMETIME IN 2025

MNI China Daily Summary: Thursday, June 13

MNI BRIEF: China Ready To Safeguard Interests After EU Tariffs

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: FED BALANCE SHEET TOTAL ASSETS +$3B TO $7.259T IN WEEK

US EIA:NAT GAS STORAGE +74 BCF TO 2,974 BCF JUN 07 WK

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

2.50% Jan-33 DSL

DUTCH AUCTION PREVIEW
  • The DSTA will come to the market this morning with E1.5-2.5bln of the 2.50% Jan-33 DSL on offer.
  • The DSL was originally issued in 2012 as the 20-year benchmark and has not been sold via auction for five years.
  • The closest comparable recent sale has been the syndicated launch of the new 10-year benchmark, the 0% Jul-31 DSL last month. E5.99bln was sold from books of E26.4bln at a yield of -0.32%.
  • Despite the fixed income sell-off over the past couple of months, yields on the 2.50% Jan-33 DSL have continued to trade in negative territory.
  • On an RV basis, the 2.50% Jan-33 DSL has seen the spread continue to widen vs the 0% Jul-31 DSL since the latter's launch. Yesterday the spread closed at 4.7bp but has come in a bit at the time of writing to around 4.1bp.
  • Timing: Results will be available shortly after the auction closes at 9:00GMT/10:00CET.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.