EU UTILITIES: Orsted: S&P Affirms  

CBK (20/03/26) 20p vs (19/06/26) 24p, bought the June for 1.3 in 2k (rolling Put).

Bloomberg Bonds:

• US Tsys: +0.06yr (small).
• EU Govies: +0.09yr (decent).
• UK Govies: +0.22yr (HUGE).

MS Bonds:

• US Tsys: +0.07yr (average).
• EU Govies: +0.06yr (small).
• UK Govies: +0.15yr (large).

Barclays FX:

• Their Model indicates a Weak Dollar Selling signal vs all the Majors.

The US' National Weather Service (NWS) reports that the first waves of the tsunamis caused by the massive Pacific Ocean earthquake "have reached the coast of California, and his showing up in the Arena Cove tide gauge [north of San Francisco and the Bay Area], and is making its way down the coast right now." tidal Watch reports the waves reaching 1.6ft above normal levels. NWS adds, "Waves will continue to build in through the night and will become more dangerous as we approach high tide."

• The L.A. Times reports, "The impact in L.A. is predicted to be much smaller [than northern California], with waves of less than 1 foot, according to the warning center."
• The initial assessment in Hawaii appears to be that there has been little in the way of major damage so far, despite waves of nearly 6ft being recorded in Maui. The Hawaii County Civil Defense Agency has warned that larger waves could be expected in the coming hours, posting on X "These massive waves can wrap around the island shore, so impacts may occur at any point along the coast. It’s not over yet,"