EMISSIONS: EU End-Of-Day Carbon Summary: Carbon Rises, UK Power Fall

May-01 15:17

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EUAs/UKAs Dec25 are rising amid influence from gas intraday movement, while low liquidity on the day...

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FED: US TSY 14D AUCTION: NON-COMP BIDS $129 MLN FROM $50.000 BLN TOTAL

Apr-01 15:15
  • US TSY 14D AUCTION: NON-COMP BIDS $129 MLN FROM $50.000 BLN TOTAL

CAD: Risk-on Phase Boosts CAD to Session Highs

Apr-01 15:14

Latest phase of risk-on is providing some solid support for equities and growth-tied FX, evident in the clearance of earlier highs for NASDAQ-100 futures and strong reversal off highs for USD/CAD.

  • These Carney comments are largely a restatement of his position: more tariffs on Canada will mean more retaliatory tariffs - but speculation remains over whether Canada (and Mexico) could be granted some reprieve under the USMCA agreement - however this remains to be seen, and subject to confirmation from Trump's Rose Garden appearance at 4pm local (2100BST) tomorrow.
  • Such a reprieve for CAD (and MXN) over other nations would be CAD positive, and may be playing out in the CAD strength over e.g. GBP in recent trade - which has reverted back to 1.85 into the London close.

STIR FUTURES: BLOCK: SOFR Calendar Fly

Apr-01 15:13

Earlier SOFR Block post at 1043:51ET:

  • +5,000 SFRM6 96.62
  • -10,000 SFRZ6 96.64
  • +5,000 SFRM7 96.595