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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

US TSYS/2Y
US TSYS/2Y: Clarifies: Treasuries drift off session high prices after a
good/mixed $26B 2Y auction, which drew a 1.765% rate but a soft 41.2% indirects
(vs. Oct 48.2%, Sept. 44.2%), but quite good 16.99% directs (vs Oct 14.2%, Sept
19.04%, leaving a relatively large 41.9% for dealers to mop up (vs. Oct 37.7%,
Sept 36.8%.)
- FTN Financial's said the 2-year note auction had an "award at 1.765% versus
1.766% WI bid before the sale and 1.770% 10 minutes prior. Tender at high yld
was 97.9%, high but not a shock, given this morning's odd rate behavior and
falling ylds into the deadline. Dealer position of 41.2% is among the highest in
the last 12 months (excluding Nov and Dec holidays)."