EM LATAM CREDIT: Petroperu: Govt Debt Guarantee - Positive

Jul-09 17:10

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(PETRPE; B3/B/CCC+) "The Ministry of Economy and Finance (MEF) does not rule out state guarantees f...

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PIPELINE: Corporate Bond Update: Air Products, Amphenol Debt Launched

Jun-09 17:08
  • Date $MM Issuer (Priced *, Launch #)
  • 06/09 $1.2B Whirlpool $600M 5NCL 6.375%, $600M 8NCL 6.625%
  • 06/09 $1.1B #Air Products $600M 3Y +35, $500M +7Y +65
  • 06/09 $750M #Amphenol 3Y +43
  • For Tuesday's schedule:
  • 06/10 $Benchmark Bahamas investor calls

US TSY FUTURES: BLOCK: Sep'25 10Y Ultra Sale

Jun-09 17:00
  • -3,500 UXYU5 112-00, sell through 112-00.5 post time bid at 1253:10ET, DV01 $309,700.
  • The 10Y ultra contract trades 111-31.5 last (+8)

EURUSD TECHS: Trend Structure Remains Bullish

Jun-09 17:00
  • RES 4: 1.1625 1.500 proj of the Feb 28 - Mar 18 - 27 price swing
  • RES 3: 1.1608 High Nov 9 2021
  • RES 2: 1.1573 High Apr 21 and the bull trigger
  • RES 1: 1.1495 High June 05
  • PRICE: 1.1420 @ 15:53 BST Jun 9
  • SUP 1: 1.1340 20-day EMA
  • SUP 2: 1.1216/1.1065 50-day EMA and a pivot level / Low May 12
  • SUP 3: 1.1026 38.2% retracement of the Feb 3 - Apr 21 bull cycle
  • SUP 4: 1.0943 Low Apr 10

EURUSD is holding on to the bulk of its recent gains. The breach of 1.1419, the May 26 high, confirmed a resumption of the trend and has opened 1.1573, the Apr 21 high and bull trigger. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch lies at 1.1216, the 50-day EMA. A clear break of this average would undermine the bull theme. Initial support is at 1.1334, the 20-day EMA.