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USDJPY TECHS

Fierce Bounce, But Needs to Stick

EURGBP TECHS

At Risk of Bearish Breakout

GBPUSD TECHS

Key Resistance Exposed

EURUSD TECHS

Needs to Cement Bounce

US TSYS SUMMARY

Tsys are slightly lower, alongside equities reversing overnight weakness - but TYfutures remain well above the week's opening levels.

  • 5-Year supply the highlight of the U.S. calendar, while 2-day FOMC meeting kicks off today, with decision tomorrow; our preview went out Monday.
  • Mar 10-Yr futures (TY) down 3/32 at 137-09 (L: 137-09 / H: 137-14.5), with the curve a little steeper: 2-Yr yield is up 0.6bps at 0.1211%, 5-Yr is up 1.3bps at 0.4151%, 10-Yr is up 1.9bps at 1.0482%, and 30-Yr is up 2bps at 1.8122%.
  • Main data is Jan consumer confidence at 1000ET; at the same time we also get Jan Richmond Fed Manufacturing.
  • Corporate earnings of interest: Microsoft, J&J, Verizon, Texas Instruments.
  • In supply: $60B of 42-/119-day bills at 1130ET, with 1300ET seeing $61B 5-Yr Tsy note auction, as well as sale of $34B in 52-week bills.
  • NY Fed buys ~$1.75B of 20-30Y Tsys.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com