Blogs

During yesterday's session, the USD/JPY traded within a limited range that did not exceed 40 points.

Supports comments from USTR Lighthizer earlier. A headline attributed to the USTR but it may be by USTR Lighthizer: Earlier USTR Lighthizer testified to the House Ways and Means.  Some comments from earlier today:

US treasury auctions off at 17 billion of 20 year notes. – WI was trading at 1.329% at the auction time – high yield comes in at 1.314% – bid to cover ratio 2.63x vs 2.53x at last auction The issue is actually 19 years and 11 months. The treasury issued its inaugural 20 year bond last […]

FT reporting For bank trade ideas, check out eFX Plus

Cases rise 4.7% This is a better number from Arizona compared to the jump yesterday but 1827 new cases still makes it the second-worst day for the state. Here's the chart (excluding today)

Up 0.80% The NASDAQ composite index is trading to a new session highs. The current index is up 0.8% at 9975.19. That is the high for the day. The S&P index is moving higher but just short of its intraday high. The price is currently at 3134.44. That's up 9.7 points or 0.31%. The high for the

USD/MXN is a great risk gauge at the moment USD/MXN tells the story of COVID-19 as well as any chart. The jump in Feb-March shows the remarkable fear followed by two months of uncertainty.

Spain's Ibex and Italy's FTSE MIB lower In the European debt market, the benchmark 10 year yields are mostly higher with the exception of the UK yield which is down -1.8 basis points. Below are the high, low yields in the closing levels.

Atlanta Fed reserve Pres. Andrew Bostic speaking – public facing industries like hotels and restaurants are seeing pain, some service sector job losses may not be as permanent For bank trade ideas, check out eFX Plus

Fed Powell testifies to House panel on the 2nd day of hearing The Fed's Powell has begun his Q&A to the House financial services panel. It is largely expected that he mirrors responses from yesterday.