Core Viewpoint - The yield premium on Asian investment-grade US dollar bonds has reached a record low, indicating a broader rebound in risk assets in the region, driven by easing trade tensions and strong corporate fundamentals [1] Group 1 - The credit spread for these assets has narrowed by at least 1 basis point [1] - The current spread is approximately 65.5 basis points, the narrowest since 2009 according to a Bloomberg index [1]

Core Viewpoint - The ceasefire agreement between India and Pakistan is seen as a positive signal for the markets of both countries, potentially leading to a rebound in risk assets [1] Group 1: Market Impact - The report from Barclays indicates that if both parties adhere to the ceasefire, a relief rebound in risk assets for India and Pakistan is expected [1] - Mitul Kotecha, head of foreign exchange and emerging markets strategy, noted that the ceasefire could alleviate the depreciation pressure on the Indian Rupee and reduce market volatility [1] Group 2: Technical Analysis - A technical analysis suggests that if the USD/INR exchange rate breaks below the 200-day moving average support level of approximately 85.03, it would be a positive signal [1] - The resistance level for the USD/INR is anticipated to be around 86.06 [1]