The USD Week - Bias is Neutral
After the mega positive (albeit with some degree of scepticism) +2.5mln NFPs, we'll be keeping an eye on the Usd Index pre-release low of 96.44 to see whether that can become at least a near-term base.
Euro Corp Comment: Negative NICs Remain a Feature in Another Active Week
Year-to-date euro IG/split-rated corporate issuance now stands at EUR249.37bn which is some 55% ahead of where we were at this stage in 2019. And, the pace of issuance is not expected to slow anytime soon.
MXN Still Compares Favourably on Carry Basis, as Hunt For Yield Returns
Investors' attitudes to Emerging Markets and wider risk assets have improved in recent weeks as they look beyond lockdown restrictions and weak economic data and revert to a hunt for yield, amid lower volatility. The Mexican Peso was the biggest beneficiary of this hunt for yield among EM currencies in May…