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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

Banxico 3-2 Vote Split

MEXICO

*MEXICO POLICY MAKERS VOTED 3-2 IN RATE DECISION (bbg)


This is slightly dovish considering last month's 4-1 split, with just Heath voting for a 25 bps cut.


From the statement:

  • Banxico: inflation, eco activity big challenges for mon policy
  • Held rates due to uncertainty on inflation
  • Risks still to the downside
  • Pause provides room to confirm CPI moving to target
  • Future policy depends on factors affecting inflation
  • Banxico sees CPI near 3% in 12 to 24 months
  • More social distancing a downside risk to inflation
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com