UKRAINE: BBG-US To Demand Russia Accept Ukraine's Right To Use Military Force

Apr-24 15:42

Bloomberg News is reporting that the US is set to demand that Russia accept Ukraine's right to use military force as part of any peace deal. BBG: "Agreeing to let Kyiv have an adequately equipped and manned army, as demanded by Ukraine and its European allies, would mean Putin would have to give up on his goal for Ukraine’s demilitarization, one of his main stated war aims."

  • Such a demand would come as a sign that, after criticism in recent weeks and indeed hours that the US is only pushing Ukraine to make concessions as part of any peace deal, it is seeking Moscow give way on certain issues as well.
  • Earlier today, President Volodymyr Zelenskyy said that he does not see "strong pressure on Russia at the moment". Hours later, US President Donald Trump posted on Truth Social saying he was "not happy" with the overnight missile strikes on Kyiv that have killed at least 12, calling for Russian President Vladimir Putin to 'STOP!'
  • BBG: "The Trump administration also wants Moscow to return Ukraine’s Zaporizhzhia nuclear power plant, [...] The facility would then fall under US control to administer energy to both sides,"

Historical bullets

GBP: GBPJPY: Pivot Resistance at 195.00 Remains Significant

Mar-25 15:36
  • Fiscal concerns in the UK earlier in the year combined with raised hiking expectations for the Bank of Japan contributed to some notable weakness for GBPJPY. The cross notably reached the lowest level since September around 187, before its significant bounce. On a shorter-term basis, 20-and 50-day moving averages have proven supportive, culminating in a test of medium-term pivot resistance at the 195.00 mark.
  • A break back below these averages, intersecting just above 192.00 would be a bearish development for the cross. On the topside, 198.95 would be a notable target for the cross.
image

PIPELINE: Corporate Bond Update, $2B LG Energy 4Pt Launched

Mar-25 15:30
  • Date $MM Issuer (Priced *, Launch #)
  • 03/25 $4.65B Bausch Health 7NC3 10%a
  • 03/25 $2B #LG Energy $400M 3Y +135, $600M 5Y +145, $300M 5Y SOFR+170, $700M 10Y +170
  • 03/25 $1.25B #NWB 3Y SOFR+36
  • 03/25 $1.25B #NDB 3Y SOFR +65
  • 03/25 $1B #MuniFin WNG 5Y SOFR+46
  • 03/25 $1B *JFM 5Y SOFR+64
  • 03/25 $1B #IDB 5Y SOFR+49
  • 03/25 $800M Xerox $400M 5.5NC2.5, $400M 6NC3
  • 03/25 $Benchmark Kingdom of Belgium 10Y SOFR+67a

MNI EXCLUSIVE: NIESR's Huw Dixon on the drive to seasonally adjust UK inflation

Mar-25 15:24

NIESR's Huw Dixon on the drive to seasonally adjust UK inflation data and its benefits to the BOE -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com