FOREX: AUD Awaits Cue for Next Leg Higher, US/China Relations & Q1 CPI in Frame
Apr-24 14:19
* Following the correction higher for the US dollar from the Monday lows, AUDUSD has slipped back ...
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PIPELINE: Corporate Bonds: $1.25B NWB 3Y SOFR Launch ,LG Energy Guidance Updated
Mar-25 14:15
- Date $MM Issuer (Priced *, Launch #)
- 03/25 $4.65B Bausch Health 7NC3 10%a
- 03/25 $1.25B #NWB 3Y SOFR+36
- 03/25 $1B #MuniFin WNG 5Y SOFR+46
- 03/25 $1B #IDB 5Y SOFR+49
- 03/25 $Benchmark LG Energy 3Y +135, 5Y +145, 5Y SOFR+170, 10Y +170
- 03/25 $Benchmark Kingdom of Belgium 10Y SOFR+67a
- 03/25 $Benchmark National Health Investors investor calls
- 03/25 $Benchmark Dell Technologies investor calls
EQUITIES: Stoxx 50 Holds Most Of Rally, Bullish Theme Maintained
Mar-25 14:13
While the intraday rally has stalled, the Euro Stoxx 50 index is still ~1% higher vs. yesterday’s close.
- The energy sector outperforms, with oil prices higher on the day.
- Meanwhile, hope surrounding tariff relaxation from the Trump admin has been used as an explainer during rallies over the past couple of sessions.
- This morning’s slightly-stronger-than expected German Ifo data also factors into the broader move, while banks have benefitted from a combination of higher yields and some price target upgrades at J.P.Morgan.
- The technical trend in Euro Stoxx 50 futures remains bullish. The next upside target is located at the Mar 19/20 highs (5,471.00).
US TSYS: Post New Home Sales, Richmond Fed Mfg Index React
Mar-25 14:05
- Tsy futures are extending gains after Conf. Board Consumer Confidence comes out lower than expected, New Home Sales dipped but up-revision of prior more than made up for the move.
- Tsy Jun'25 10Y futures trade 110-21 (+3.5) vs. 110-21.5 high, initial technical resistance well above at 111-17.5/25 (High Mar 20 / 11).
- Curves still steeper but off earlier highs: 2s10s +.566 at 30.146 (31.698 high), 5s30s +2.041 at 58.656 (58.949 high).
