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Peso Falters Amid Risk-Off Mood

JGBS AUCTION

Japanese MOF sells Y4.0667tn 3-Month Bills:

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Delivering remarks at the White House, US PResident Joe Biden states, when asked about the US response should Russia invade Ukraine, that "What I am doing is putting together what I believe to be, will be, the most comprehensive and meaningful set of initiatives to make it very very difficult for Mr Putin to go ahead and do what people are worried he may do. But that’s in play right now.”

  • There remains significant concern in Kyiv and other CEE states as to Moscow's potential intentions towards Ukraine, and whether the Russian buildup on Ukraine's eastern border is probing the West for weakness or a clear signal of intent.
  • France, UK, and NATO leaders have said they will support Ukraine's territorial integrity, but there has been (and is unlikely to be) and signal that NATO will commit boots on the ground to any conflict.