UKRAINE: BBG-US To Demand Russia Accept Ukraine's Right To Use Military Force

• Fiscal concerns in the UK earlier in the year combined with raised hiking expectations for the Bank of Japan contributed to some notable weakness for GBPJPY. The cross notably reached the lowest level since September around 187, before its significant bounce. On a shorter-term basis, 20-and 50-day moving averages have proven supportive, culminating in a test of medium-term pivot resistance at the 195.00 mark.
• A break back below these averages, intersecting just above 192.00 would be a bearish development for the cross. On the topside, 198.95 would be a notable target for the cross.

• Date $MM Issuer (Priced *, Launch #)
• 03/25 $4.65B Bausch Health 7NC3 10%a
• 03/25 $2B #LG Energy $400M 3Y +135, $600M 5Y +145, $300M 5Y SOFR+170, $700M 10Y +170
• 03/25 $1.25B #NWB 3Y SOFR+36
• 03/25 $1.25B #NDB 3Y SOFR +65
• 03/25 $1B #MuniFin WNG 5Y SOFR+46
• 03/25 $1B *JFM 5Y SOFR+64
• 03/25 $1B #IDB 5Y SOFR+49
• 03/25 $800M Xerox $400M 5.5NC2.5, $400M 6NC3
• 03/25 $Benchmark Kingdom of Belgium 10Y SOFR+67a

NIESR's Huw Dixon on the drive to seasonally adjust UK inflation data and its benefits to the BOE -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com