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JGBS AUCTION

Japanese MOF sells Y3.4981tn 3-Month Bills:

CHINA

VIEW: Stan Chart: Policy Headwinds Abating

AUSSIE BONDS

Futures Test Highs

CNH

Marginally Softer

US DATA

PREVIEW: Primary Dealer NFP Estimates

FOREX

RBC Trades For 2022

Big bear steepening

BONDS

Continued bear steepening in the US curve, following Democrat Warnock's win. Jon Ossoff and Perdue is a much closer call.

  • US 5/30s is now at it steepest since 14/11/16 at 137.403.
  • Similar price action in the German curve, with the longer end Bund now looking to test next MNI tech immediate support at 177.01.
  • Focus today, on the last Georgia race result, and plenty of data out of Europe, with regional/national German CPI, European service PMIs, French CPI and EC PPI.
  • SUPPLIES: German new 10-year Bund for EU5bn (equates 31k Bund), which should keep the lid on Bund into the bidding deadline
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com