PIPELINE: Corporate Bond Update: $3.5B Woodside Finance 4Pt Launched

$18.1B Debt to Price Monday

• Date $MM Issuer (Priced *, Launch #)
• 04/14 $8B #Morgan Stanley $2B 4NC3 +113, $500M 4NC3 SOFR+138, $2.5B 6NC5 +118, $3B 11NC10 +128
• 04/14 $6B #JP Morgan $2.5B 6NC5 +110, $3.5B 11NC10 +120
• 04/14 $2.5B #BNY Mellon $750M 2NC1 +75, $500M 2NC1 SOFR+71, $1.25B 4NC3 +87
• 04/14 $1B #HP Inc $500M 5Y +145, $500M 10Y +175
• 04/14 $600M #Trans-Allegheny Interstate Line +5Y +100

Following are the Instant Answers for the Bank of Canada interest-rate decision due Wed at 945am EST:

• Overnight Rate Target  (%)
• Does the Bank signal it is prepared to LOWER rates in the future?
• Does the Bank signal it is prepared to RAISE rates in the future?
• Does the Bank signal it intends to leave rates on hold until the outlook is clearer?

• RES 4: 1.1608 High Nov 9 2021
• RES 3: 1.1555 1.382 proj of the Feb 28 - Mar 18 - 27 price swing
• RES 2: 1.1495 High Feb 10 2022 
• RES 1: 1.1473 High Apr 11 
• PRICE: 1.1350 @ 15:46 BST Apr 14
• SUP 1: 1.1144 High Apr 3 and a recent breakout level     
• SUP 2: 1.08932 20-day EMA     
• SUP 3: 1.0765 50-day EMA and a short-term pivot level     
• SUP 4: 1.0733 Low Mar 27 and a key short-term support

A bull cycle in EURUSD remains intact and last week’s gains reinforce this condition. The breach of 1.1144, the Apr 3 high and bull trigger, confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 1.1555 next, a Fibonacci projection. Initial support lies at the 1.1144 breakout level. Key support is at 1.0932, the 20-day EMA.