Biden urges Senate to pass legislation
Biden called on the Senate to quickly pass the $1.9 trillion stimulus package after it cruised through the House.
„It’s time to act,“ he said on Saturday, noting that an „overwhelming“ percentage of Americans support the bill. „We have no time to wasted.“

The PM announced the new lockdown after
 a community case of coronavirus with an unknown origin was detected.
The rest of the country will be placed into a less restrictive alert level 2. 

Forex news for North American trading on February 26, 2021:
Markets:
The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even as yields turned much lower, FX risk trades couldn’t get a footing. How much of that was month-end and how much was jitters was open to debate.

Closing changes for the main North American indexes
Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling

Weekly forex futures positioning data for the CFTC for the week ending Tuesday, February 23, 2021:
The break higher in sterling finally resonated with speculators as they waded in. It will be interesting to see if it inches above last year’s high in the week-ahead report or if specs were rattled by the volatility this week.

That’s a good sign
US 10-year yields are down 8 bps to 1.43% and 30s are down 11 bps to 2.17%. Both are at or just above the lows of the day.
The question is whether that’s month-end rebalancing flows or if it’s a sign that the bond rout is exhausted.

The dollar had a big week
King Dollar reigned this week but it was essentially a one-day move with today’s dollar rally accounting for nearly all of the weekly gain.

US futures turn lower, dollar stays more bid as commodity currencies sink
The jitters are still evident in the market as we await Wall Street to enter the fray.

Comments by BOE chief economist, Andy Haldane
Then again, that owes much to the fact that the UK is progressing well on the vaccine rollout. So, that needs to be taken into consideration as well.

The BOJ last bought ETFs on 28 January and held off buying more until today
That said, they still hold a commitment to buy roughly ¥6 trillion worth of ETFs at an annual average pace so that is something to consider unless communicated otherwise. I mean, what better timing to buy more when the market is down.