Citibank 2/4: Citi analysts note there remains a considerable gap between global monetary/ fiscal stimulus and fund… https://t.co/9PnLi2CCbzCitibank 3/4: Citi analysts point to economic uncertainty and infection fear factor needing to be reduced for a str… https://t.co/Zb9VIWNnHXCitibank 4/4: Therefore, progress on drugs and de-confinement measures notwithstanding, there still remains a stron… https://t.co/b6vsXVeNX3Citibank 1/4: FX Outlook: Case for an overall risk averse backdrop remains strong
#SafeHavens (#JPY, #Gold, #CHF):… https://t.co/CGQSS7Y1CFCitibank 1/3: FX Outlook: Further easing of liquidity stress may help weaken USD.
A dovish #Fed and easier #USD fu… https://t.co/ZSjJ8LkvcICitibank 2/3: – likely should the 3M LIBOR-OIS basis (proxy for onshore liquidity strains) continues to tighten i… https://t.co/vxPVXHhbClCitibank 3/3: in in one currency - EUR on the back of EU tensions regarding a joint fiscal response while the rest… https://t.co/4kaKwM2nO4Citibank 2/5: and can do more if needed until “confident the economy has weathered” the #COVID19 disruption. Fed h… https://t.co/NHEAK8YMOXCitibank 3/5: Treasuries and agency MBS purchases will continue to be made “as needed” though over time, Citi analy… https://t.co/E2shpjtJEvCitibank 4/5: Chair #Powell also notes that the #Fed could do more on credit facilities while effectively ratifying… https://t.co/xZToL5dHRECitibank 5/5: Bottom Line – While there remains scope for some tweaks and for the #Fed to commence several faciliti… https://t.co/inUkyeak8DCitibank 1/5: #USD: #Fed#FOMC meeting – Rates on hold, no tweak on interest rate on excess reserves (yet), bond pu… https://t.co/gttly3lzgt