EM LATAM CREDIT: Mexico President Sheinbaum Reacts to Latest US Tariff Threat
Jun-04 14:14
United Mexican States (MEX; Baa2neg/BBB/BBB-)
"*MEXICO TO HAVE MEASURES NEXT WEEK IF NO STEEL DEAL: SHEINBAUM" - BBG
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EUR: FX Exchange traded Option
May-05 14:08
EURUSD (9th May) 1.1400p, sold at 0.0079 in ~1.1k.
BUNDS: Fell 20 ticks on the US ISM Services Data
May-05 14:05
- The German Bund falls 20 ticks following the higher than expected US ISM services, Price Paid, New orders and Employment all beat expectation.
- The move is still fairly contained and support is still see at 130.75, despite printing a 130.69 Overnight.
US TSYS: Post-ISM Services React
May-05 14:05
- Treasury futures gap lower after higher than expected ISM Services data.
- Jun'25 10Y currently -5 at 111-00 vs. 110-31 low (10Y yld at 4.3453%), through technical support below at 111-02 (Low Mar 2 / 50-dma).
- Sights are on support at the 50-day EMA, at 110-30+. A clear breach of this average would strengthen a bearish threat and expose 110-16+, the Apr 22 low.
- Cross asset: Still weaker BBG US$ index bounces to 1220.07 (-4.44); stocks pare losses: S&P eminis -38.5 at 5670.25.
