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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

US TSYS
US TSYS: As previously mentioned, it has been a muted session for T-Notes thus
far, sticking to a 2+ tick range, with cash markets closed owing to a Japanese
holiday and desks thinly staffed on the back of the U.S. Thanksgiving holiday.
- U.S. stock index futures have edged higher in Asia-Pacific trade, with little
in the way of headline flow noted, but never threatened to reclaim Wednesday's
closing levels, and now sit off of the overnight highs.
- Only news flow of note came as the WSJ reported that the U.S. administration
is attempting to get its allies to boycott Chinese tech name Huawei.
- There was a sharp sell-off observed in oil, on decent volume, likely
exacerbated by limited liquidity, which leant minor support to Tsy futures.
- Flash PMI data headlines Friday.
- Cash Tsys are closed until the London open owing to the aforementioned
Japanese holiday, with an early close for cash & futures scheduled Friday.
- T-Notes last 119.06+, U.S. 10-Year cash Tsy yields closed at 3.063% on
Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com