BRAZIL: GUIDANCE: Brazil $Benchmark; Long 5Y 5.7%a, 2035 Tap 6.75%a
Jun-04 17:08
- Further details from Bloomberg on today's sovereign USD-bond issuance:
- "GUIDANCE: Brazil $Benchmark; Long 5Y 5.7%a, 2035 Tap 6.75%a" - BBG
- $Benchmark Long 5Y Fixed (Nov. 6, 2030) 5.7%a (+/-2)
IPT 6.125% area - $Benchmark Tap of BRAZIL 6.625% 03/15/35 6.75%a (+/-2)
IPT 7.125% area
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US TSYS/SUPPLY: Review 3Y Auction: Small Stop
May-05 17:04
- Still weaker, Treasury futures pare losses slightly after $58B 3Y note auction (91282CND9) stops through, drawing 3.824% high yield vs. 3.826% WI; 2.56x bid-to-cover vs. 2.47x prior.
- Peripheral stats see indirect take-up retreats to 62.37% vs. 73.03% prior; direct bidder take-up rises to 23.71% from 6.24% prior; primary dealer take-up 13.92% vs. 20.73% prior.
- The next 3Y auction is tentatively scheduled for June 10.
FED: US TSY 3Y NOTE AUCTION: HIGH YLD 3.824%; ALLOTMENT 23.89%
May-05 17:02
- US TSY 3Y NOTE AUCTION: HIGH YLD 3.824%; ALLOTMENT 23.89%
- US TSY 3Y NOTE AUCTION: DEALERS TAKE 13.92% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: DIRECTS TAKE 23.71% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 62.37% OF COMPETITIVES
- US TSY 3Y AUCTION: BID/CVR 2.56
EURUSD TECHS: Corrective Cycle Remains In Play
May-05 17:00
- RES 4: 1.1696 1.618 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 3: 1.1625 1.500 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 2: 1.1608 High Nov 9 2021
- RES 1: 1.1440/1573 High Apr 23 / 21 and the bull trigger
- PRICE: 1.1353 @ 14:59 BST May 5
- SUP 1: 1.1264 20-day EMA and a key support
- SUP 2: 1.1144 High APr 3
- SUP 3: 1.1036 50-day EMA and a pivot level
- SUP 4: 1.0805 Low Apr 3
A corrective cycle in EURUSD remains in play. The trend structure is unchanged, it remains bullish. MA studies are in a bull-mode position signalling a dominant uptrend, and the latest move down is allowing an overbought condition to unwind. A resumption of gains would open 1.1608, the Nov 9 2021 high. Initial key support to watch is the 20-day EMA, at 1.1264. A break of this average would signal scope for a deeper pullback.
