QUICK SUMMARY

• The US Dollar Index is down -0.4% at 90.9
• Euro up 0.3% at 1.2057 (YTD: -1.3%)
• Yen up 0.2% at 109.08 (YTD: -5.3%)
• Onshore Yuan unchanged at 6.4730 (YTD: +0.8%)
• Swiss franc up 0.2% at 0.9115 (YTD: -2.9%)
• Sterling up 0.6% at 1.3901 (YTD: +1.7%)
• Canadian dollar up 0.1% at 1.2280 (YTD: +3.7%)
• Australian dollar up 0.5% at 0.7758 (YTD: +0.8%)
• NZ dollar up 0.5% at 0.7196 (YTD: +0.2%)

MACRO DATA

• Brazil, PMI, Manufacturing Sector for Apr 2021 (Markit Economics) at 52.3
• Canada, PMI, Manufacturing Sector for Apr 2021 (Markit Economics) at 57.2
• Euro Zone, PMI, Manufacturing Sector, Total, Final for Apr 2021 (Markit Economics) at 62.9, missed consensus estimate of 63.3
• France, PMI, Manufacturing Sector, Total, Final for Apr 2021 (Markit Economics) at 58.9, missed consensus estimate of 59.2
• Germany, PMI, Manufacturing Sector, Total, Final for Apr 2021 (Markit Economics) at 66.2, missed consensus estimate of 66.4
• India, IHS Markit, PMI, Manufacturing Sector, IHS Markit Mfg PMI for Apr 2021 (Markit Economics) at 55.5, beat consensus estimate of 51.6
• Indonesia, IHS Markit, PMI, Manufacturing Sector, IHS Markit PMI, Manufacturing for Apr 2021 (Markit Economics) at 54.6
• Indonesia, CPI, Chg Y/Y for Apr 2021 (Statistics Indonesia) at 1.4, missed consensus estimate of 1.5
• Italy, PMI, Manufacturing Sector for Apr 2021 (Markit Economics) at 60.7, missed consensus estimate of 61.0
• Mexico, PMI, Manufacturing Sector for Apr 2021 (Markit Economics) at 48.4
• South Korea, IHS Markit, PMI, Manufacturing Sector, IHS Markit PMI, Manufacturing for Apr 2021 (Markit Economics) at 54.6
• Turkey, PMI, Manufacturing Sector, Istanbul Chamber of Industry PMI for Apr 2021 (Markit Economics) at 50.4
• Turkey, CPI, Chg P/P, Price Index for Apr 2021 (TURKSTAT) at 1.7
• United States, ISM Manufacturing, PMI total for Apr 2021 (ISM, United States) at 60.7, missed consensus estimate of 65.0
• United States, PMI, Manufacturing Sector, Total, Final for Apr 2021 (Markit Economics) at 60.5

RATES SPREADS

• 5Y German-US interest rates spread 2.1 bp tighter
• 5Y Japan-US rates spread 2.4 bp tighter  

NOTABLE MOVES IN SOVEREIGN CDS

• Colombia (rated BBB-): up 10.8 basis points to 136 bp (1Y range: 83-239bp)
• Mexico  (rated BBB-): up 3.7 basis points to 97 bp (1Y range: 79-254bp)
• Brazil (rated BB-): up 2.1 basis points to 192 bp (1Y range: 141-343bp)
• Peru (rated BBB+): up 1.2 basis points to 91 bp (1Y range: 52-106bp)
• Government of Chile (rated A-): up 0.7 basis points to 52 bp (1Y range: 43-110bp)
• Czech Republic  (rated AA-): down 0.5 basis points to 35 bp (1Y range: 31-38bp)
• United Arab Emirates  (rated AA-): down 1.0 basis points to 57 bp (1Y range: 50-62bp)
• Thailand (rated BBB+): down 1.2 basis points to 39 bp (1Y range: 33-64bp)

VOLATILITIES

• Deutsche Bank USD Currency Volatility Index currently at 6.28, up 0.12 on the day (YTD: -1.01)
• Euro 1-Month At-The-Money Implied Volatility currently at 5.43, up 0.2 on the day (YTD: -1.5)
• Japanese Yen 1M ATM IV currently at 5.48, up 0.1 on the day (YTD: -0.6)

NOTABLE OTHER MOVERS TODAY

• Bosnian Mark up 2.7% (YTD: -1.6%)
• Solomon Is Dollar up 2.7% (YTD: -0.1%)
• Chilean Peso up 0.9% (YTD: +0.9%)
• Polish Zloty up 0.7% (YTD: -0.8%)
• Gibraltar Pound down 0.8% (YTD: +1.5%)
• Falklands Pound down 0.8% (YTD: +1.5%)
• Samoa Tala down 1.1% (YTD: -0.2%)
• Colombian Peso down 1.4% (YTD: -9.9%)
• Ethiopian Birr down 1.7% (YTD: -8.1%)
• Afghani down 2.4% (YTD: -2.9%)