Asia EM credit is a bit of mixed bag this morning with govie/agency $ spreads ranging between -4bp/+3bp, with our $ India proxy (EXIMBK 1/33) -4bp tighter. There doesn’t appear to be any new positives, with India and Pakistan currently operating under ceasefire agreement. In terms of news flow, we had Tata Steel numbers overnight, which looked good, and Jollibee this morning, which showed an increase in leverage. No new deals announced, though we expect that to pick up in the week.
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Looking ahead to next week:
Date | ET | Impact | Event |
14 Apr | 1100 | ** | NY Fed Survey of Consumer Expectations |
14 Apr | 1130 | * | US Treasury Auction Result for 26 Week Bill |
14 Apr | 1130 | * | US Treasury Auction Result for 13 Week Bill |
14 Apr | 1300 | Fed Governor Christopher Waller | |
14 Apr | 1800 | Philly Fed's Pat Harker | |
14 Apr | 1940 | Atlanta Fed's Raphael Bostic | |
15 Apr | 0830 | ** | Import/Export Price Index |
15 Apr | 0830 | ** | Empire State Manufacturing Survey |
15 Apr | 0855 | ** | Redbook Retail Sales Index |
15 Apr | 1130 | ** | US Treasury Auction Result for 52 Week Bill |
15 Apr | 1910 | Fed Governor Lisa Cook | |
16 Apr | 0700 | ** | MBA Weekly Applications Index |
16 Apr | 0830 | *** | Retail Sales |
16 Apr | 0915 | *** | Industrial Production |
16 Apr | 1000 | * | Business Inventories |
16 Apr | 1000 | ** | NAHB Home Builder Index |
16 Apr | 1030 | ** | DOE Weekly Crude Oil Stocks |
16 Apr | 1200 | Cleveland Fed's Beth Hammack | |
16 Apr | 1300 | ** | US Treasury Auction Result for 20 Year Bond |
16 Apr | 1330 | Fed Chair Jerome Powell | |
16 Apr | 1600 | ** | TICS |
16 Apr | 1900 | Dallas Fed's Lorie Logan, KC Fed's Jeff Schmid | |
17 Apr | 0830 | *** | Jobless Claims |
17 Apr | 0830 | ** | WASDE Weekly Import/Export |
17 Apr | 0830 | *** | Housing Starts |
17 Apr | 0830 | ** | Philadelphia Fed Manufacturing Index |
17 Apr | 1030 | ** | Natural Gas Stocks |
17 Apr | 1145 | Fed Governor Michael Barr | |
17 Apr | 1300 | ** | US Treasury Auction Result for TIPS 5 Year Note |
18 Apr | 1100 | San Francisco Fed's Mary Daly | |
18 Apr | 1300 | ** | Baker Hughes Rig Count Overview - Weekly |
18 Apr | 1300 | ** | Baker Hughes Rig Count Overview - Weekly |
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