Broadly speaking markets are derisking post the PSI deal announcements. Treasuries are 1-2bps lower in yields, EURUSD is down 35pips or so under 1.3230 (and JPY is rallying as carry is unwound), ES has dropped -5pts, Gold and Silver are sliding modestly, and WTI is off its peak but remains over $107.
EURUSD is under 1.3230...
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Aggregating risk assets into a broad proxy, we see CONTEXT leading US equity futures lower at the moment...
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Charts: Bloomberg and Capital Context
