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AUSSIE 10-YEAR TECHS

(H2) Remains Below Recent Highs

AUSSIE 3-YEAR TECHS

(H2) Continues to Fade

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US DATA
US DATA: April Housing Starts Above-Expected 1.235m SAAR
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- April housing starts +5.7% to 1.235m SAAR vs 1.200m MNI, 1.209m BBG.
- April permits +0.6% to 1.296m SAAR vs 1.280m exp by MNI, 1.290m BBG. 
- 1-family starts +6.2%, while multi-family starts were +4.7%. 
- April 1-family permits -4.2% to 782,000 SAAR, low since Nov 2016
- March starts rev up to 1.168m SAAR, Feb rev up to 1.149m SAAR
- Starts in Northeast +84.6%, Midwest +42.0%, South -5.7%, West -5.5%. 
- Starts, Permits Still Running Below Year-ago Levels
- Housing Under Construction, Completions Dip Further
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