Stock Markets and Record US Debt Sales in Focus This Week

A holiday-shortened trading week in the U.S. and much of Europe will see traders contend with more than just the end of the first-quarter.There’s a potential record supply of U.S. Treasury bills and notes coming to auction against a backdrop of higher funding costs. That could exacerbate the usual quarter-end funding pressures that traditionally see big banks and other large investors close out their trades and shift into shorter-term securities.In equities, U.S. stocks will reopen on Monday at a key level of support following the biggest weekly decline since 2016. And the trade tensions that drove the global selloff are still simmering away, with some evidence that they’re beginning to feed into currencies.

Source: ‘Vulnerable’ Stocks and Record U.S. Debt Sales Dominate the Week – Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.