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US TSYS SUMMARY

Substantial Further Progress Not Yet Reached

USDCAD TECHS

Runs Counter to Trend

AUDUSD TECHS

Fed Bounce Stops Short

EURJPY TECHS

Bearish Trend Conditions

USDJPY TECHS

Bearish Threat

AUSSIE BONDS
AUSSIE BONDS: Both the 3-Year and 10-Year benchmark contracts are up on SFE, the
3-Year last at 97.950 and the 10-Year last at 97.2450. The two contracts took a
bid after the auction results came, well covered at 6.5x from 3.3929x on the
prior auction of the same maturity (Apr 2029.) Around 0130BST sources reported a
large clip size being traded on the IB strip, 'Dec 16's lifted 1.6k times' and
at around 0415BST 'Jan IB's trading 3k times.'
- Aussie bonds ended SYCOM higher with Tsy's as U.S. GDP data surprised the
markets, higher than expected at +3% when +2.6% was predicted. 
- No domestic data out Today but Friday retail sales come in, RBC said...
"Retail sales have been soft recently except for the cyclone-assisted patch of
strength in April/May, with August monthly data coming in a shockingly weak
-0.6%. We see a limited monthly bounce in September turnover to 0.2% growth on
the back of some positive lead indications from consumer sentiment, which picked
up in September and October readings despite higher utility and fuel prices." 
- Yields are down across the curve, flattening towards the end of the session,
the 3-/10-Year spread last at 1.7bp.