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...
[3]
Aggregating risk assets into a broad proxy, we see CONTEXT [4]leading US equity futures lower at the moment...
[5]
Charts: Bloomberg and Capital Context [4]