Core global FI stabilises and turns bid as e-minis pull away from best levels of the session (S&P 500 futures are still +0.3%). We haven’t seen much in the way of fresh headlines crossing to encourage these flows (North Korea’s latest missile test won’t be driving the moves in our opinion), although the lack of immediate offering re: further policymaker support for the U.S. banking sector and weekend news flow surrounding the Russian movement of tactical nuclear weapons to Belarus may have provided the limiting factors for the early bid for risk assets. AUD & NZD now find themselves at the bottom of the G10 FX performance table, while the CHF & JPY outperform.