A fairly muted NY/Asia crossover by.....>

MARKET TALK: A fairly muted NY/Asia crossover by recent standards, with little

in the way of notable headline flow outside of confirmation that the U.S. will

be distributing over 4 million pre-loaded debit cards this week i.e. fiscal

stimulus.

- That leaves G10 FX in tight ranges in early Asia dealing, after the cocktail

of positives on the COVID-19 medicinal front, advances for EU fiscal matters,

the general trend of gradual economic re-opening across the globe and a bid in

oil dominated matters on Monday.

- S&P 500 e-minis managed to break and close above 2,930.12, the 61.8%

retracement of the move from the YtD high to the YtD low (on a continuation

chart), although faltered just ahead of the April 30 high (2,965.00), which now

provides initial resistance.

- T-Notes hover a little above Monday's lows, with impending 20-Year supply and

an active $ IG issuance slate adding further pressure to that particular space

on Monday.