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USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

USDJPY TECHS

Shows Below 50-Day EMA

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  • Local & USD rates trade little changed around the open, having regained some composure in yesterday's session after Tuesday's aggressive sell-off.
  • W/w the situations still looks pretty grim in TurkGBs with the curve +175-188bp higher in 1-3Y yields as markets anticipate emergency corrective policy measures from the CBRT to offset acute currency weakness.
  • Similarly, USD bonds stand +37-44bp bear flatter in USD bonds with the remainder of the curve +10-20bp higher on week.
  • Turkey's 5Y CDS pulled back -11bp from a awing high of 489, but remain +31bp higher since Monday.
  • TurkGB curve w/w