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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Bull Flattening

GILT SUMMARY

Gilts traded sideways for most of the day having initially opened higher, but started to rally after 1400GMT.

  • Cash yields are now 1-4bp lower on the day with the curve bull flattening. Last yields: 2-year 0.0164%, 5-year 0.324%, 10-year 0.7899%, 30-year 1.3224%.
  • The Jun 21 gilt future trades at 128.28, near the top of the day's range (L: 128.05 / H: 128.37).
  • Short sterling futures are flat in whites and 0.5-1.5 ticks in reds/greens/blues.
  • The DMO earlier sold GBP4bn of the 0.125% Mar-39 linker via syndication with books above GBP28.75bn.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com