04/15 $Benchmark SoftBank 3.5Y 7.87%a, 5.5Y 8.5%a, 10Y 8.87%. Dual currency issuance includes 4Y, 6Y and 8Y via Euro
US TSYS: Midday Update: Tsys Extending Lows
Apr-15 15:51
Despite recent Rtrs headline of Israel expects extension of Iran ceasefire - Treasuries are extending lows ahead midday: TYM6 taps 111-10 (-7), at least partially tied to a rise in crude prices off earlier lows WTI to $89.5/bbl (low of $87.75/bbl).
Initial technical support in TYM6 at 111-05.5 (yesterday's low)followed by 110-16, the Apr 2 low - A break would be bearish.
Cross asset update: aside from weaker DJIA (-.4%), SPX eminis and Nasdaq trade firm: +.44% and +1% respectively.
Bbg US$ index off recent low of 1191.92 to 1192.64 (-.63).