EM CEEMEA CREDIT: Republic of Türkiye (TURKEY): Focus on Fundamentals
May-22 10:14
TURKEY 36s chart near z+315bp (z+265-368bp YTD range). Trkiye's orthodox policy mix and stronger fis...
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EU-BILL AUCTION RESULTS: 3/6/12-Month EU-Bills
Apr-22 10:14
| Type | 3-month EU-bill | 6-month EU-bill | 12-month EU-bill |
| Maturity | Jul 3, 2026 | Oct 10, 2026 | Apr 9, 2027 |
| Amount | E899mln | E849mln | E1.233bln |
| Target | E1.0bln | E1.0bln | E1.5bln |
| Previous | E837mln | E1.161bln | |
| Avg yield | 2.118% | 2.287% | 2.494% |
| Previous | 2.121% | 2.507% | |
| Bid-to-cover | 1.68x | 1.67x | 1.79x |
| Previous | 1.62x | 1.41x | |
| Previous date | Apr 08, 2026 | Apr 08, 2026 |
US: Trump Posting To Social Media, Not Market Moving
Apr-22 10:11
A flurry of posts/reposts from President Trump on Truth Social. None of it seems to be market moving at this stage, but just be aware that he could provide a market-moving comment at any point.
FOREX: USD Edges Higher into NY Crossover; USDCNH Narrows Gap with Weekly High
Apr-22 10:10
Greenback edging higher at a slow pace in recent trade - not in response to any specific headlines here, but markets will be aware that President Trump has started posting at a high frequency on Truth Social (nothing significant yet - mainly reposts of videos and images). G10 FX is well within the daily range, although USDCNH stands out slightly as price narrows the gap with 6.8334, the weekly high.
- Some market focus may shift to US relations with other states - Politico run this morning that "The White House has developed something akin to a “naughty and nice” list of NATO countries, as the Trump administration looks for ways to punish allies who refused to back the Iran war.".
- This again suggesting strained ties with allies and building on the sentiment from Trump's appearance on CNBC yesterday, where he alluded to China supplying Iran with "not so nice" items in seized ships across Hormuz.
