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US TSY FUTURES

June/September Roll Update

EMERGING MARKETS

ETF Weekly Inflow Streak Reaches $42.1Billion

US TSY FUTURES

BLOCK, 5s/Ultra-Bond

EURO-DOLLAR
EURO-DOLLAR: Risk sentiment soured alongside Italian assets from the get-go on
Tuesday, with Italy's 10-Year yield rising sharply to touch the highest levels
observed since early 2014. Rebuttals from Brussels, a still disunited front
among Italian politicians and the extension of uncertainty surrounding the
country's fiscal deficit targets knocked risk appetite. Despite a modest
recovery ahead of the U.S. close, EUR slipped against most, but recovered from
worst levels.
- EUR/USD last deals at ~$1.1545.
- Failure to hold recovery gains above $1.1550 keeps the impetus firmly on the
downside with bears focus turning to a break of the $1.1500 level. Bulls
initially need to reclaim the 100-DMA (1.1644).
- Focus Wednesday turns to EZ services & composite PMIs, as well as EZ retail
sales data and an address from ECB's Mersch.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com