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Market Roundup: Reversing Risk-Off

US TSYS
FI support evaporating after Pres Biden press conference -- announcing more sanctions on Russian banks but NOT on SWIFT banking system with Pres Biden holding in reserve. Appears to be relief move as Biden focus on shoring up NATO support and not putting US troops on Ukraine soil.
  • Long end Tsys leading way lower now, Yield curves steepening, 5s30s +4.643 at 43.567.
  • Stocks mixed now, Nasdaq in the black: +137.1 points (1.1%) at 13173.
    • SPX Eminis currently trading -13.25 points (-0.31%) at 4208; Dow Industrials -415.29 points (-1.25%) at 32714.18;
  • Gold actually weaker now (1890.0 -20.0) after trading over $50.0 higher earlier.
  • Additional targets for sanctions:
  • Public Joint Stock Company Sberbank of Russia (Sberbank)and VTB Bank Public Joint Stock Company (VTB Bank), drastically altering their fundamental ability to operate.
  • Blocking Other Major Russian Financial Institutions
  • Public Joint Stock Company Bank Financial Corporation Otkritie
  • Open Joint Stock Company Sovcombank
  • Joint Stock Commercial Bank Novikombank
  • Debt and Equity Prohibitions Against Major State-Owned and Private Entities
  • NEW ACTIONS TARGETING RUSSIAN ELITES and Financial Sector Elites

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