Inside range for investment-grade corporate credit risk Thursday, mildly higher as equities extended session lows in the second half.
Find more articles and bullets on these widgets:
Well off Monday's pace after $12.75B Amazon 7pt jumbo pushed week opener issuance to $23.5B. IDB rolled to Wednesday, suspect balance of week to be thin ahead early Easter holiday close Thu, no trade Friday.
GBPUSD remains vulnerable. The pair traded lower Friday, resulting in a print below key support at 1.3000, the Mar 15 low and a bear trigger. The move lower confirms a resumption of the primary downtrend and an extension of the recent pullback from 1.3298, the Mar 23 high. A continuation lower would open 1.2954, a Fibonacci projection level. Initial resistance is at 1.3125, the 20-day EMA ahead of the key 50-day EMA level at 1.3243.