Good Morning Traders! It's Tuesday 14th March, the day we get UK employment data, with Spanish CPI data later on.
Here are some things to look out for ahead of today.
Sentiment
After falling 61 basis points the day before, the largest decline since the Volcker era in the early 1980s, Treasury two-year rates increased on Tuesday.
Chinese President Xi Jinping and Ukrainian leader Volodymyr Zelenskiy plan to speak by video link in what would be their first conversation since Russia’s invasion last year.
As investors believe that the Bank of Canada would lower rates in the upcoming months to combat the effects of the failure of US regional banks, the yield on short-term Canadian bonds is declining at the fastest rate in decades.
The market for short-term interest rates has changed. The events of Monday were mostly unprecedented in the past forty years, even in comparison to the 2008 financial crisis and the events that followed the 9/11 terrorist attacks.
Investor attention has been drawn to Japan's lenders' significant investment in American bonds as a result of the problems at Silicon Valley Bank and its subsequent collapse, which has had a negative impact on their stock prices.
Docket
03:00 AM ET
UK Unemployment Change
Median Forecast 12.5k | Prior -12.9k
UK Unemployment Rate
Median Forecast 3.8% | Prior 3.7%
Good Luck Today Traders!
