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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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20-Yr Supply And FOMC Minutes Eyed

US TSYS SUMMARY

Treasuries have edged higher in European trade after a fairly flat Asia-Pac session, albeit on weak volumes (TYU0 <150k). Supply and FOMC Minutes eyed.

  • The curve has continued flattening, with the long end outperforming ahead of the 20-Yr auction today: the 2-Yr yield is down 0.4bps at 0.1391%, 5-Yr is down 1.1bps at 0.2659%, 10-Yr is down 1.9bps at 0.6493%, and 30-Yr is down 2.8bps at 1.3674%.
  • Sep 10-Yr futures (TY) up 4.5/32 at 139-17 (L: 139-13 / H: 139-17.5).
  • 1300ET sees $25B sale of 20-Yr Tsy (we also get $55B in 105-154-Day bills at 1130ET). And NY Fed buys $1.225B of TIPS.
  • Jul FOMC minutes at 1400ET. We'll put out a short preview, but most on sell-side looking for discussion around potential action at the Sep meeting, particularly on forward guidance, and to a lesser extent, insight on asset purchase strategy.
  • Richmond Fed's Barkin speaks at 1500ET.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com

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