EM ASIA CREDIT: MNI EM Credit Market Wrap - Asia
Apr-03 08:04
** The main stories out of the region** 10yr U.S. treasury yields were 6bp tighter in the Asia-Paci...
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US TSY FUTURES: A Little More On The Huge TY Block
Mar-04 08:03
Little else to add in terms of definitive colour when it comes to the 78K TYM5 block sale executed in early London hours.
- Our best guess is that is vs. something that isn’t traded on the CME, given the timing of day (out of U.S. hours) and huge size of the trade (~$5.09 mln DV01 equivalent).
EURIBOR OPTIONS: Call spread buyer
Mar-04 08:03
ERM5 98.12/98.25cs, bought for half in 6k.
AUDUSD TECHS: Support Remains Exposed
Mar-04 08:03
- RES 4: 0.6429 High Dec 12 ‘24
- RES 3: 0.6414 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg
- RES 2: 0.6409 High Feb 21 and a bull trigger
- RES 1: 0.6305 50-day EMA
- PRICE: 0.6202 @ 08:01 GMT Mar 4
- SUP 1: 0.6187 Intraday low
- SUP 2: 0.6171/6088 Low Feb 4 / 3 and a key support
- SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.6000 Round number support
AUDUSD continues to trade at its recent lows. Last week’s strong sell-off undermines a recent bullish theme. The pair is once again trading below both the 20- and 50-day EMAs and the move down has exposed support at 0.6171, the Feb 4 low. A break of this level would strengthen a bearish theme and suggest scope for a test of the bear trigger at 0.6088, the Feb 3 low. Initial resistance to watch is 0.6305, the 50-day EMA.
