Trial now
EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

EQUITIES

Stocks Higher as Stimulus Here to Stay

COMMODITIES

Gold Extends Uptrend, 200-dma Eyed

GBPUSD TECHS

1.4009 Needed For Bullish Signals

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds relative outperformance vs. U.S. Tsys continued
overnight, with futures last trading a touch above their early session lows,
while Tsys fell away as the U.S. 10-Year yield crossed above 3.20%, with the
AU/U.S. 10-Year yield spread dealing at ~-51.0bp last.
- The AU 3-/10-Year cash yield differential runs steeper, in sympathy with the
U.S. Tsy curve, and last deals at 68.0bp, +3.5bp on the day.
- The Bill strip trades unch. to 8 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, although the move in yields has outweighed funding
dynamics today.
- Heathrow funding has launched A$ 10-Year paper that is expected to price
today, while Lonsdale finance priced A$ 7-Year paper at +140bp.
- The space had little reaction to AU trade data that was released earlier.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com