EM LATAM CREDIT: Mexico Precious Metal Miner Penoles S&P Credit Outlook Revised

May-21 17:56

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"*S&PGR REVISES OUTLOOK ON INDUSTRIAS PEOLES TO STABLE FROM NEG" - BBG...

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US TSYS: Risk Sentiment Continues to Sour, Stocks Sliding Lower

Apr-21 17:47
  • Risk sentiment continues to sour, stocks at or near session lows at the moment as are Tsy futures (TYM5 -10.5 at 110-27, still above pre-open lo of 110-22).
  • Market reactions to headline risk, latest focus partially tied to headlines that the WH is in the process of replacing Sec of Defense Hegseth following reports of another Signal Chat leak made the rounds. Politico reported GOP Rep Bacon said "Hegseth should Go".
  • Conversely, WH Press Sec Leavitt just said the NPR report is false. Global trade remains the greater concern as markets await something concrete in tariff negotiations vs. hopes and promises that talks with dozens of countries is going well.
  • Currently, the DJIA is down 1185.65 points (-3.03%) at 37956.3, S&P E-Minis down 172.5 points (-3.25%) at 5139.75, Nasdaq down 566.8 points (-3.5%) at 15720.71.

LOOK AHEAD: Tuesday Data Calendar: Fed Speakers, Richmond Fed Data, 2Y Note Sale

Apr-21 16:34
  • US Data/Speaker Calendar (prior, estimate)
  • 22-Apr 0830 Philadelphia Fed Non-Mfg Activity (-32.5, --)
  • 22-Apr 0900 Fed Gov Jefferson, Economic Mobility Summit
  • 22-Apr 0930 Philly Fed Harker, Economic Mobility Summit
  • 22-Apr 1000 Richmond Fed Mfg Index (-4, -6)
  • 22-Apr 1000 Richmond Fed Business Conditions (-14, --)
  • 22-Apr 1130 US Tsy $70B 6W bill auction
  • 22-Apr 1300 US Tsy $69B 2Y Note auction (91282CMY4)
  • 22-Apr 1340 MN Fed Kashkari Speaks moderated discussion
  • 22-Apr 1430 Richmond Fed Barkin fireside chat (no text, Q&A)
  • 22-Apr 1800 Fed Gov Kugler on Mon/Pol Transmission (text, Q&A)

US TSY FUTURES: BLCK: Jun'25 5Y Buy

Apr-21 16:01
  • +6,500 FVM5 108-16.25, buy through 108-15.75 post time offer at 1148:59ET, DV01 $267,000. The 5Y contract trades 108-15.75 last (+2.5)