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GBPUSD TECHS

Corrections Remain Shallow

FED

Reverse Repo Operation, Inching Higher

PIPELINE

$1.5B Royal Bank of Canada 10Y Launched

COMMODITIES

WTI Remains Bullish, on Track for Cycle High Close

US TSYS/SUPPLY

2Y Auction ​Review: Small Stop

MEXICO
  • Late yesterday, AMLO reiterated that Mexico have strong public finances through 2022, and will have no problem completing current development projects. The President also stated Mexico received record foreign direct investment in Q1 this year.
  • Focus turns to the release of PEMEX's April oil output numbers, as well as a Fitch conference on Mexico, due to kick off at 0900 local time.
  • Banxico auction MXN 6bln of Sep. 2024 Mbonos and MXN 720mln Nov. 2050 inflation-linked bonds. Markets also watch April trade balance data and the Q1 current account balance.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com