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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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No tangible impact on the space as China releases initial guidance on a 3-/5-/10-/30-Year multi tranche round of US$ supply, with such intentions already outlined yesterday. It looks like regional Asia-Pac investors steeping in to buy the latest leg lower, coupled with spill over from ACGB price action, is supporting the space thus far. TYZ1 +0-04 at 130-28+, while cash Tsy trade sees the belly lead the rally, with the major benchmarks richening by 2-3bp across the curve.