February 13, 2025 09:10 GMT
HYBRIDS: Hybrids: Movers - BAT
HYBRIDS
Perps seem unchanged so far despite Equity drop.
- Piri will write-up BATS results
- Equity currently down around 7.5%
- BATSLN 3.75 Call29 trade z+201; SubSnr +116
- Utils/Telcos rated BBB- trade with Ave Sub_Snr +92; VW is +186
- Taking ENBW 5.25 Call29 as a comp: BATSLN is currently +41 vs a low of +30 and recent high +60
- In line with general rally in Credit, current z+201 is the Tightest of the year. Range +308 -> +201.
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