US TSY FUTURES: Post-June FOMC Minutes React

Jul-03 18:05

Treasuries remain near session highs after the FOMC June minutes release -- nothing new that hasn't been relayed by Fed speakers the last couple weeks. TYU4 futures draw modest bid to 109-31.5 -- well off morning high of 110-04.

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EURGBP TECHS: Bearish Outlook

Jun-03 18:00

RES 4: 0.8645 High Apr 23 and the bull trigger
RES 3: 0.8602 1.0% High May 9 and 10-dma envelope
RES 2: 0.8553 50-day EMA
RES 1: 0.8541 High May 31
PRICE: 0.8515 @ 17:45 BST Jun 3
SUP 1: 0.8484 Low May 29
SUP 2: 0.8454 76.4% of the Mar 7 - Sep 26 ‘23 bull phase
SUP 3: 0.8408 Low Aug 24 2023
SUP 4: 0.8388 Low Aug 17 2022

EURGBP is in consolidation mode and remains above last week’s low of 0.8484 (May 29). Conditions are unchanged and a bear trend is still in play. Key supports have recently been pierced; the 0.8500 pivot level, and an important support zone between 0.8498, the Feb 14 low, and 0.8493, the Aug 23 ‘23 low. A clear breach of these price points would strengthen a bearish theme. Initial firm resistance to watch is 0.8541, Friday’s high.

PIPELINE: $2.5B National Australia Bank (NAB) 3Pt Debt Launched

Jun-03 17:51

Date $MM Issuer (Priced *, Launch #)
6/3 $2.5B #National Australia Bank (NAB) $900M 3Y +47, $850M 3Y SOFR+62, $750M 10Y +78
6/3 $1.5B #Royalty Pharma $500M 5Y +100, $500M 10Y +127, $500M 30Y +152
6/3 $1.3B #Burlington Northern Sante Fe 30Y +98
6/3 $800M #Hyatt $450M 5Y +95, $350M 10Y +125
6/3 $800M #Baltimore Gas WNG $400M 10Y +93, $400M 30Y +110
6/3 $750M #Regions Financial 6NC5 +130
6/3 $600M #GATX $200M 10Y +130, $400M 30Y +150
6/3 $600M #Southwestern Public Service 30Y +150
6/3 $550M #NY Life 5Y +62.5 (SOFR leg dropped)
6/3 $500M #BGC Group Inc 5Y +220
6/3 $500M #Metlife 10Y +95
6/3 $Benchmark Nomura 5Y SOFR+39a
6/3 $Benchmark Brighthouse 2027 tap +100, 5Y +125

MNI: TEST, PLEASE IGNORE

Jun-03 17:38

TEST, PLEASE IGNORE

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