Trial now
AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

JGBS
JGBS: Activity in JGB futures was limited in Tokyo hours, with a couple of
failed attempts at topping the overnight high noted. Contract last +2.
- The belly lagged in cash trade, with strength in the long end seen in the wake
of the latest 20-Year auction.
- In terms of auction specifics, things were solid enough on the price side as
the tail tightened vs. prev. auction and low price topped dealer exp., proxied
by the BBG dealer poll (100.15), but the cover ratio softened to levels more in
line with the recent averages after the uptick at last month's auction.
- Elsewhere, backwards looking data from the BoJ revealed that the Bank held
44.2% of JGBs at the end of March, with foreigners holding 12.9% of JGBs at that
time.
- Weekly international security flow data noted that Foreigners flipped to net
buying of Japanese bonds in the most recent week covered, scooping up a net
Y261.4bn after 2 consecutive weeks of net selling.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com