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Corrective Pullback


T-Notes Turn Heavy, Cash Curve Bear Flattens


JPY Underperforms Weaker USD Backdrop


(Z2) Rally Extends


(Z2) Arrives At The 50-Day EMA

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AUSSIE BONDS: Aussie bonds saw an early, light bid on the back of reports from
The Australian pointing to "a cruise ship in lock down in Sydney Harbour, with a
passenger being tested for possible coronavirus." The ship operator played this
down, noting "there is absolutely no truth to this. The vessel remains in
operation, and all guests onboard are in good health."
- Major contracts were range bound YM finishing +0.5., XM -0.5.
- The AOFM's announcement of a syndicated tap of ACGB 2.75% 21 May 2041 for next
week did little for activity.
- Bills unch. to -1.0 tick through the reds come close.
- Monday provides a quiet start to the week in terms of the local docket.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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