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KOREA RATES

BoK To Reduce 2-Year MSB Issuance

JGBS

A Muted Morning

CHINA RATES

China Repo Rates Fall on Tuesday

AUSSIE SWAPS

RBC: Receive 1Y1Y Vs. U.S.

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has been unfazed by the victory of Italy's centre-left
coalition in a key regional election, as was suggested by the exit polls. The
vote in Emilia-Romagna, a traditional leftist stronghold, was closely watched as
a bellwether of potential shifts in national politics. The victory of the
incumbent governor allows the Democratic/5 Star coalition government to breathe
a sigh of relief, for now (although it continues to trail in national opinion
polls). EUR/USD sits at $1.1031, 6 pips higher on the day.
- The 100-DMA intersects at $1.1071 and draws the initial bullish attention. A
break here would expose the psychological barrier/50-DMA at $1.1100/1.1101.
Bears look for a fall through Friday's trough at $1.1020 towards the Dec 2
low/round figure support at $1.1000.
- EZ highlights this week include German Ifo Survey (Monday), German
unemployment & flash CPI (Thursday), flash French CPI & GDP as well as flash
Italian & EZ GDPs (Friday). ECB speaker list features Villeroy, Lane and de Cos
(Tuesday) as well as Panetta, Schnabel and Mersch (Friday).