Trial now
BONDS

Gilts/Bund spread tightest since 11/02

EGB SYNDICATION

Italy 7Y CCTeu Priced, E6bln Size

US TSY OPTIONS

5Y Vol Buyer, 10Y Put Ongoing

STIR FUTURES

BLOCK, 3M SOFR Strip

US EURODLR OPTIONS

Mixed Wing Trade

FOREX
FOREX: The Antipodeans sit atop the G10 pile even as regional equity benchmarks
have plunged amid panic selling, with trading halts triggered at several
bourses. There's talk of a liquidity squeeze pushing AUD & NZD off y'day's lows,
while NOK retains its position of the worst performer in the basket with USD/NOK
yet to re-test record highs printed y'day. GBP & JPY sit towards the lower end
of the pile, with only the krone faring worse. The ever-escalating coronavirus
worry and disappointment with policy measures deployed so far remain evident.
- USD/Asia have strengthened with Asian equity markets in free fall, following
sharp sell-offs seen at Wall St. yesterday. USD/CNH has rallied further above
the CNH7.0 mark, with bulls looking to CNH7.0572 as the nearest resistance.
- USD/KRW has surged to its best levels since Mar 2016, with a source pointing
to very thin liquidity. RTRS cited dealers suspecting an FX intervention by
South Korean authorities after the rate briefly ticked off initial highs.
Earlier, a BoK off'l told BBG that the Bank will intervene in case of
"excessive" moves. BoK members are considering calling an emergency meeting.
- U.S. U. of Mich. Survey, German CPI (f) & Swedish unemployment are due today.