Free Trial

A Fresh Lurch In Risk-Off As Biden Weighs In

CROSS ASSET

A fresh lurch in broader risk-off flows as U.S. President Biden notes that Putin has chosen to pursue a pre-meditated war, which the world will hold Russia accountable for. Biden has pointed to further consequences for Russia, which will be announced on Thursday, pointing to a coordinated approach with G7 & NATO. E-minis sit 1.8-2.5% lower, with the NASDAQ 100 contract leading the way there. Cash Tsy yields sit 6.5 to 11bp richer, with the belly still leading and the long end lagging.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.