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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds have mimicked U.S. Tsys over the last 24 hours,
recovering from the early Thursday lows alongside U.S. paper, although 3-Year AU
Bond futures continue to operate below their 50-DMA in lieu of Wednesday's sell
off.
- The AU 3-/10-Year cash yield differential runs steeper, in sympathy with the
U.S. Tsy curve, and last deals at 66.5bp, +2.0bp on the day, although this is
well off of the early session high as the long end leads the uptick from lows.
AU bonds have continued to outperform their U.S. counterparts with the AU/U.S.
10-Year yield spread dealing at ~-49.5bp last.
- The Bill strip trades 1-6 ticks lower last, running steeper on the day.
3-Month AUD basis has continued to tighten as repo rates ease after quarter end,
while BBSW fixed unch. today.
- Heathrow funding has launched A$ 10-Year paper that is expected to price
today, while Lonsdale finance has issued final guidance of +138-140bp on A$
7-Year paper.
- The space had little reaction to AU trade data that was released earlier.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com