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MNI ASIA MARKETS ANALYSIS:


US TSYS


SHORT TERM RATES

US DOLLAR LIBOR: Latest settlements

  • O/N -0.00325 at 0.06963% (-0.00113/wk)
  • 1 Month +0.00162 to 0.08475% (+0.00188/wk)
  • 3 Month -0.00025 to 0.11575% (+0.00025/wk) ** Record Low .11463% on 9/6/21
  • 6 Month +0.00162 to 0.14975% (+0.00138/wk)
  • 1 Year +0.00313 to 0.22313% (+0.00038/wk)
STIR: FRBNY EFFR for prior session:
  • Daily Effective Fed Funds Rate: 0.08% volume: $71B
  • Daily Overnight Bank Funding Rate: 0.07% volume: $271B
US TSYS: Repo Reference Rates
  • Secured Overnight Financing Rate (SOFR): 0.05%, $945B
  • Broad General Collateral Rate (BGCR): 0.05%, $396B
  • Tri-Party General Collateral Rate (TGCR): 0.05%, $361B
  • (rate, volume levels reflect prior session)
FED: NY Fed Operational Purchase
  • TIPS 1Y-7.5Y, $2.001B accepted vs. $4.397B submission
  • Next scheduled purchases:
  • Thu 9/09 1010-1030ET: Tsy 4.5Y-7Y, appr $6.025B
  • Fri 09/10 1010-1030ET: Tsy 2.25Y-4.5Y, appr $8.425B

FED: REVERSE REPO OPERATION

NY Fed reverse repo usage climbs to 1,115.229B from 71 counter-parties vs. $1,079.945B Tuesday. Record high holds at $1,189.616B set Tuesday, Aug 31.

EURODOLLAR/TREASURY OPTIONS SUMMARY

Eurodollar Options:

Overnight trade


Tsy Options:

Overnight trade

fx

PIPELINE: $1.75B OKB Priced, Abu Dhabi Guidance Update

  • Date $MM Issuer (Priced *, Launch #)
  • 09/08 $Benchmark Walmart 5pt jumbo: 5Y +55a, 7Y +65a, 10Y green +75a, 20Y +85a, 30Y +95a (Walmart in list of top 10 largest issuers: $16B multi-tranche back on June 10, 2018)
  • 09/08 $1.75B *OKB 3Y +16
  • 09/08 $1B *Kommunivest 4Y -1
  • 09/08 $Benchmark PSP Capital 3Y +2a
  • 09/08 $Benchmark Nippon Life 30NC10
  • 09/08 $Benchmark Marriott Int 12Y +145a
  • 09/08 $Benchmark Mizuho Fncl 10Y +125a
  • 09/08 $Benchmark IADB 5Y FRN/SOFR+17a
  • 09/08 $Benchmark BNP Paribas 8NC7 +130a
  • 09/08 $Benchmark Metro de Santiago 40Y +180a
  • 09/08 $3B Emirate of Abu Dhabi $1.75B 10Y +63, $1.25B 30Y 3%
  • 09/08 $Benchmark Sumitomo Mitsui 3Y +60a, 3Y FRN/SOFR, 5Y +75a
  • 09/08 $Benchmark Commonwealth of Australia (CBA) 4.75Y fix/FRN, 10Y
  • 09/08 $Benchmark PerkinElmer 2NC1 +60a, 3NC1 +70a, 7Y +105a, 10Y +120a
  • 09/08 $Benchmark Toyota Motor 3Y+45a, 3Y FRN/SOFR, '26-Tap+55a, 10Y+70a
  • 09/?? $Benchmark Industrial Bank of Korea 3Y, 5Y investor calls

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