US TREASURY SAYS IT DOES NOT EXPECT TO INCREASE NOMINAL COUPON, OR FLOATING-RATE NOTE AUCTION SIZES FOR NEXT SEVERAL QUARTERS

'AMAZON'S Q1 2024 EARNINGS EXCEEDED EXPECTATIONS WITH AN EPS OF 98 CENTS (COMPARED TO THE ESTIMATED 83 CENTS) AND AN OPERATING INCOME OF $15.31 BILLION (VERSUS THE EXPECTED $10.95 BILLION), WHILE NET SALES SLIGHTLY EDGED UP TO $143.31 BILLION (COMPARED TO THE ESTIMATED $142.59

An other divergence between hard data surprises and soft data surprises (2024 vs 2023) and again market following the hard one.

*BBVA CONFIRMS INTEREST IN SABADELL DEAL]
Wowww

'US Treasury boosted its estimate for federal borrowing for the current quarter to $243 billion — up from a previous forecast of $202 billion — reflecting weaker-than-expected cash receipts.'
Now waiting for details of bills vs cpn

{jn}*JAPANESE AUTHORITIES INTERVENED TO SUPPORT YEN: DJ

still 'no comment' out of the BoJ:

*JAPAN'S KANDA REFRAINS FROM SAYING IF INTERVENED IN FX MARKET

*JAPAN'S KANDA: WILL DISCLOSE IF FX INTERVENTION AT END OF MAY

Something is happening on #JPY

A chart from an old past
Term premium is driven also by stock-bond correlation through the diversification channel

Moody’s
France's local and foreign currency long-term issuer ratings and the local currency senior unsecured rating remain unchanged at Aa2. The stable outlook remains unchanged as well.