Latest news with #EBS
Irish Independent
5 days ago
- Sport
- Irish Independent
Buzzer points Glynn-Barntown home as they edge out Castletown
The new football rules, the brainchild of Jim Gavin and his committee, once again displayed their current impact on the enjoyment levels of one of our national games as Glynn-Barntown edged out Castletown in a highly-entertaining contest the EBS Mortgages Wexford All-County League Division 1 semi-final in Killurin on Saturday.
Irish Independent
6 days ago
- Sport
- Irish Independent
Blackwater continue to punch above their weight as they beat Ferns to book final meeting with St. Fintan's
Blackwater will face St. Fintan's in the EBS Mortgages Wexford All-County Football League Division 3 decider after grinding out a victory at home to Ferns St. Aidan's on Friday.
Yahoo
24-05-2025
- Business
- Yahoo
How Recent Policy has Shifted Macro Financials
President Donald Trump's return to the White House has already left a decisive imprint on global markets. In the first 100 days of his second term, spanning January 20 through April 30, 2025, financial assets responded sharply to an assertive policy stance on trade and regulation and the resulting macroeconomic uncertainty. For market participants, three of our benchmark data sets in particular offer critical insight into shifting investor sentiment: EBS' EUR/USD, BrokerTec U.S. 10-year Treasury yields and CVOL index on Treasury futures, known as TYYV. The euro surged nearly 10.2% against the U.S. dollar during the first 100 days, with EUR/USD rising from around 1.09 to over 1.20 by late April. This move reflects not only dollar weakness but also relative confidence in the eurozone's political and economic posture. Investors fled the greenback as the Trump administration introduced a series of trade-related measures on Chinese and European goods, raising fears of a global trade war and denting demand for U.S. assets. The dollar's rapid depreciation points to a loss of confidence in the U.S. macro framework. With the administration's fiscal and trade policies introducing more questions than answers, the euro became a relative safe harbor during the administration's first 100 days. U.S. Treasury yields exhibited an unusually sharp two-way move, tracing investor uncertainty. The 10-year BrokerTec 3:00 p.m. benchmark yield fell from 4.62% to as low as 3.86% by early April, as safe-haven demand surged. The yield then rebounded to 4.37% by April 30, driven by fears that tariffs would stoke inflation, pushing the Federal Reserve into a policy bind. That yield path—an initial 75 basis point drop followed by a 50 basis point rebound—marks one of the most volatile opening stretches for a presidency in decades. For traders and strategists, this underlines the return of regime volatility in fixed income markets. Directionally, the Treasury market was torn between stagflationary fears and haven demand—an uncomfortable and unstable equilibrium. Nowhere was that volatility more clearly quantified than in our Treasury CVOL index (TYVY). This forward-looking measure of implied volatility in 10-Year Treasury Note (ZN) futures surged to the 99th percentile of its 10-year historical distribution, reflecting market stress not seen since the Silicon Valley Bank and COVID-era dislocations. For market participants, monitoring TYVY alongside Treasury yields can be a powerful barometer of uncertainty premiums. Elevated implied vol also creates opportunities in option markets—whether for structured hedging or relative value. Unlike traditional measures that overweight at-the-money options, TYVY uses a variance-weighted methodology to capture implied volatility across the entire curve. This offers a holistic picture of market sentiment—particularly valuable in moments of structural uncertainty like the early stages of this administration. These three metrics—EUR/USD, 10-year Treasury yields and TYVY—should be core components of any macro or rates-focused trading dashboard in 2025. They reflect currency confidence, inflation expectations and the market's perception of tail risks. As policy from Washington continues to drive volatility, traders and investors must stay agile, using these indicators as both early-warning signals and tactical opportunity screens. Whether you're running a cross-asset book, trading duration or pricing options, the message is clear: this is not the post-COVID steady state. Risk is back—and it's being repriced fast. All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience. CME Group Inc. does not have control over the content, accuracy, quality, or legality, of any third-party product, service, or content advertised on this webpage. The presence of such advertisements on this webpage does not signify any association, partnership, or endorsement of the third-party or its content by CME Group Inc. Full disclaimer Copyright © 2025 CME Group Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Trump's First 100 Days: Tracking Global Macro Shifts Through CME Group Benchmarks EUR/USD, Treasury Yields and Treasury Volatility TYVY
President Donald Trump's return to the White House has already left a decisive imprint on global markets. In the first 100 days of his second term, spanning January 20 through April 30, 2025, financial assets responded sharply to an assertive policy stance on trade and regulation and the resulting macroeconomic uncertainty. For market participants, three of our benchmark data sets in particular offer critical insight into shifting investor sentiment: EBS' EUR/USD, BrokerTec U.S. 10-year Treasury yields and CVOL index on Treasury futures, known as TYYV. The euro surged nearly 10.2% against the U.S. dollar during the first 100 days, with EUR/USD rising from around 1.09 to over 1.20 by late April. This move reflects not only dollar weakness but also relative confidence in the eurozone's political and economic posture. Investors fled the greenback as the Trump administration introduced a series of trade-related measures on Chinese and European goods, raising fears of a global trade war and denting demand for U.S. assets. The dollar's rapid depreciation points to a loss of confidence in the U.S. macro framework. With the administration's fiscal and trade policies introducing more questions than answers, the euro became a relative safe harbor during the administration's first 100 days. U.S. Treasury yields exhibited an unusually sharp two-way move, tracing investor uncertainty. The 10-year BrokerTec 3:00 p.m. benchmark yield fell from 4.62% to as low as 3.86% by early April, as safe-haven demand surged. The yield then rebounded to 4.37% by April 30, driven by fears that tariffs would stoke inflation, pushing the Federal Reserve into a policy bind. That yield path—an initial 75 basis point drop followed by a 50 basis point rebound—marks one of the most volatile opening stretches for a presidency in decades. For traders and strategists, this underlines the return of regime volatility in fixed income markets. Directionally, the Treasury market was torn between stagflationary fears and haven demand—an uncomfortable and unstable equilibrium. Nowhere was that volatility more clearly quantified than in our Treasury CVOL index (TYVY). This forward-looking measure of implied volatility in 10-Year Treasury Note (ZN) futures surged to the 99th percentile of its 10-year historical distribution, reflecting market stress not seen since the Silicon Valley Bank and COVID-era dislocations. For market participants, monitoring TYVY alongside Treasury yields can be a powerful barometer of uncertainty premiums. Elevated implied vol also creates opportunities in option markets—whether for structured hedging or relative value. Unlike traditional measures that overweight at-the-money options, TYVY uses a variance-weighted methodology to capture implied volatility across the entire curve. This offers a holistic picture of market sentiment—particularly valuable in moments of structural uncertainty like the early stages of this administration. These three metrics—EUR/USD, 10-year Treasury yields and TYVY—should be core components of any macro or rates-focused trading dashboard in 2025. They reflect currency confidence, inflation expectations and the market's perception of tail risks. As policy from Washington continues to drive volatility, traders and investors must stay agile, using these indicators as both early-warning signals and tactical opportunity screens. Whether you're running a cross-asset book, trading duration or pricing options, the message is clear: this is not the post-COVID steady state. Risk is back—and it's being repriced fast. All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience. CME Group Inc. does not have control over the content, accuracy, quality, or legality, of any third-party product, service, or content advertised on this webpage. The presence of such advertisements on this webpage does not signify any association, partnership, or endorsement of the third-party or its content by CME Group Inc. Full disclaimer Copyright © 2025 CME Group Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Iraqi News
20-05-2025
- Business
- Iraqi News
East Baghdad field to start producing oil and gas in 2026
Baghdad ( – The Head of Operations for the Southern Region in Iraq's Midland Oil Company (MOC), Firas Fawzi, revealed on Tuesday that the East Baghdad field will start producing gas in September 2026. In a statement to Shafaq News, Fawzi elaborated that the East Baghdad field's oil production is expected to reach 120,000 barrels per day by June 2026, suggesting that the gas production phase will begin afterwards. Gas production in the East Baghdad field is anticipated to begin in September 2026, with an expected output ranging between 25 and 50 million cubic feet per day, according to Fawzi. As part of a plan to drill 18 oil wells in the southern part of the East Baghdad field, the state-owned Iraqi Drilling Company (IDC) announced in February that drilling had begun in the first well. The Iraqi Ministry of Oil said in a statement that the step is part of the ministry's strategic goals and collaborative efforts with the Chinese company EBS to support and develop the country's oil sector. An enormous discovery just raised the reserves of the East Baghdad field, one of Iraq's most significant oil resources, to 15 billion barrels. This discovery enhances Iraq's position as one of the world's top oil producers and creates new avenues for output expansion and revenue generation. In collaboration with the Chinese oil company EBS, Iraq's Midland Oil Company (MOD) said in January that two billion more barrels had been found in the oil field. Given that this discovery represents the largest expansion in central Iraq's crude oil reserves in decades, the energy industry is paying close attention to it. Several studies are being done to develop strategies to maximize productivity and use this important resource. This finding raises the overall reserves of the East Baghdad field to 15 billion barrels, up from 13 billion barrels before the latest discovery, according to Mohammed Yassin Hassan, director general of the state-run MOC. The discovery is a major step that supports the Iraqi oil sector and increases national income since the oil field is considered the largest in central Iraq.
