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JPY

Liquidity Sapped By Local Holiday

AUD

AUD Edges Lower After Volatile Wednesday

JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE BONDS

U.S. Tsys Help Futures To Twist Flatten Overnight

US TSYS

Post-FOMC Twist Flattening

NZD

Heavy Start

US TSYS SUMMARY

USTs have sold off and the curve has bear steepened heading into the long weekend and followed through from the risk-on theme that materialised during the European session.

  • UST cash yields are 1-5bp higher on the day with the curve 4bp steeper. Last yields: 2-year -0.7133%, 5-year -0.6854%, 10-year -0.4290%, 30-year 0.0764%.
  • TYH1 trades at 136-17, marking the low of the day.
  • SPX has traded sideways for most of the session while still eking out gains on the day.
  • The FDA agreed that Modern can increase the dosage of the coronavirus vaccine in each bottle, which could help drive up supplies of vaccines.
  • The University of Michigan Consumer Sentiment index for February came in below expectations at 76.2 vs 80.9 survey.
  • Donald Trump's defense team has finished making arguments in the Senate impeachment trial.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com