OIL: Nigeria’s Crude Production Between 1.7m-1.83m b/d: Reuters

• US TSY 52W BILL AUCTION: HIGH 3.660%(ALLOT 2.81%)
• US TSY 52W BILL AUCTION: DEALERS TAKE 15.46% OF COMPETITIVES
• US TSY 52W BILL AUCTION: DIRECTS TAKE 2.30% OF COMPETITIVES
• US TSY 52W BILL AUCTION: INDIRECTS TAKE 82.24% OF COMPETITIVES
• US TSY 52W AUCTION: BID/CVR 3.82

• RES 4: 1.1851 High Sep 10 2021
• RES 3: 1.1829 High Jul 01 and the bull trigger 
• RES 2: 1.1789 High Jul 24 
• RES 1: 1.1743 High Aug 22
• PRICE: 1.1663 @ 16:03 BST Sep 2
• SUP 1: 1.1574/1.1528 Low Aug 27 / Low Aug 5 
• SUP 2: 1.1392 Low Aug 1 and bear trigger 
• SUP 3: 1.1373 Low Jun 10 
• SUP 4: 1.1313 Low May 30 

Despite Tuesday’s sell-off in EURUSD, the trend set-up remains bullish and weakness is considered corrective. Note that the pair has recently pierced key support around the 50-day EMA, currently at 1.1611. A clear break of the average would signal scope for a deeper retracement and potentially expose key medium-term support at 1.1392, Aug 1 low. Key resistance and the bull trigger is 1.1829, Jul 1 high. A breach would resume the primary uptrend.  

• Date $MM Issuer (Priced *, Launch #)
• 09/02 $1.75B #Sumitomo Mitsui $750M 3Y SOFR+75, $500M 5Y +65, $500M 11NC10 +115
• 09/02 $1.5B #ING PerpNC7 7.0%
• 09/02 $1B #Norinchukin $500M 5Y +93, $500M 10Y +108
• 09/02 $2B AIIB WNG 5Y SOFR +34a
• 09/02 $Benchmark Merck 2Y +45a, 2Y SOFR, 5Y +70a, 7Y +80a, 10Y +90a, 30Y +100a
• 09/02 $Benchmark CIBC 3NC2 +80a, 3NC2 SOFR, 6NC5 +100a, 6NC5 SOFR
• 09/02 $Benchmark Jersey Central Power +3Y +55, +5Y +70, +10Y +90
• 09/02 $Benchmark MUFG 6NC5 +105a, 11NC10 +120a, PerpNC10 6.875a
• 09/02 $Benchmark Volkswagen Grp of AM 2Y +110a, 3Y +120a, 5Y +135a
• 09/02 $Benchmark Royalty Pharma +5Y +93, 10Y +118, 30Y +128
• 09/02 $Benchmark Kingdom of Saudi Arabia Sukuk 5Y +95a, 10Y +105a
• 09/02 $Benchmark Mitsubishi 3Y +65a, 3Y SOFR, 5Y +75a, 10Y +90a
• 09/02 $Benchmark Cigna 5Y +105a, 7Y +115a, 10Y +125a, 30Y +140a
• 09/02 $Benchmark American Honda 3Y +85a, 3Y SOFR, 5Y +100a
• 09/02 $Benchmark BHP Billiton Finance +10Y +77, 30Y +83
• 09/02 $Benchmark Toyota Cr 3Y +70a, 3Y SOFR, 7Y +95a
• 09/02 $Benchmark Brazil 11/30 tap 5.25%, 30Y +7.55%
• 09/02 $Benchmark Credit Agricole PerpNC10 7.5%a
• 09/02 $Benchmark Nomura 10.75NC5.75 +160a
• 09/02 $Benchmark Jackson National Life 5Y +105a
• 09/02 $Benchmark Ford Motor Cr 5Y +198
• 09/02 $Benchmark Antofagasta 10Y +175a
• 09/02 $Benchmark Ares Capital +5Y +160
• 09/02 $Benchmark HSBC 11NC10 +147
• 09/02 $Benchmark Guardian Life 3Y, 7Y
• 09/02 $Benchmark OKB 5Y SOFR+46a
• 09/02 $500M #Orix Corp 5Y +75