EM LATAM CREDIT: ARGENTINA: Pause In Disinflation Process Seen In February
February CPI inflation data are due tomorrow, with consensus for the monthly rate to remain steady a...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: Corporate Bond Issuance Update $1.75B Zimmer Biomet 3Pt Launched
- Date $MM Issuer (Priced *, Launch #)
- 02/11 $5B #Israel $2.5B 5Y +120, $2.5B 10Y +135
- 02/11 $1.75B #Zimmer Biomet $600M 2Y +45, $550M 5Y +72, $600M 10Y +97
- 02/11 $1.25B #Tennessee Valley Authority 30Y +60
- 02/11 $1B Snap Inc 8NC3 7%
- 02/11 $800M #Flowers Food 10Y +125, 30Y +150
US: FED Reverse Repo Operation
RRP usage falls to new low at $76.446B this afternoon from Monday's $99.653B - compares to prior low of $78.788B last week Wednesday, the lowest level since mid-April 2021. The number of counterparties falls to 36 from 41 prior.
GBPUSD TECHS: Trading Below Last Week’s High
- RES 4: 1.2667 High Dec 19
- RES 3: 1.2610 38.2% retracement of the Sep 26 ‘24 - Jan 13 bear leg
- RES 2: 1.2576 High Jan 7
- RES 1: 1.2550 High Feb 5
- PRICE: 1.2420 @ 16:10 GMT Feb 11
- SUP 1: 1.2333/2249 Low Feb 11 / Jan 3
- SUP 2: 1.2161 Low Jan 17 / 20
- SUP 3: 1.2100 Low Jan 10 and the bear trigger
- SUP 4: 1.2087 0.764 proj of the Sep 26 - Nov 22 - Dec 6 price swing
GBPUSD has improved off lows, but remains well below the Feb 5 high. The pair has recently traded above the 20- and 50-day EMAs, and pierced 1.2523, the Jan 27 high. A resumption of gains would signal scope for a move towards 1.2610, a Fibonacci retracement. On the downside, key short-term support to watch has been defined at 1.2249, the Jan 3 low. Clearance of this level would instead highlight a reversal and strengthen a bearish threat.
