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EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

LATAM

OUTLOOK: WEEK AHEAD

A Bounce

JGBS

JGB futures were bid in the final overnight session of last week, going out 19 ticks stronger vs. Tokyo settlement levels. Dynamics in the U.S. Tsy market were likely aided by some looking to a continuation of broader policy settings despite an early end to PM Abe's final term, which will have been emboldened by weekend reports pointing to LDP factions throwing weight behind the current Cabinet Suga in the race to become new PM (see the earlier flagged MNI Analysis piece for more colour on the matter). This came after Friday's Tokyo session saw pressure from the sell off in the U.S. Tsy space, breakdown of the latest round of Rinban ops and worry surrounding PM Abe's resignation.

  • 1-5 Year BoJ Rinban ops, as well as local retail sales and industrial production data headline the Japanese docket on Monday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com