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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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EGB SUMMARY
EGB SUMMARY: Core EGBs have drifted lower while periphery spreads are a little
tighter Monday, with the ECB`s annual symposium in Sintra opening tonight.
- Seen some steepening in the German curve, with 2-Yr yield is up 0.4bps at
-0.689%, 5-Yr is up 0.5bps at -0.597%, 10-Yr is up 1.5bps at -0.24%, and 30-Yr
is up 3.2bps at 0.353%.
- Italian 10-Yr spreads to Bunds 3.6bps tighter, Spain/Portugal/Greece a little
tighter as well (1bps or less).
- Arguably the story of the day has been in a huge jump in open interest in
active Eurex contracts on Friday based on data released today, with RXU9 jumping
by 150k (nearly 10% rise). Not yet seen an explanation.
- Little impact so far from ECB headlines, Coeure and de Cos largely repeating
same lines. Euribor fairly steady, down 0.5-1.5 ticks across the strip.
- Draghi speaks this evening (1800 UK). Latest futures prices:
* Sep Bund futures (RX) down 27 ticks  at 171.51 (L: 171.42 / H: 171.75)
* Sep BTP futures (IK) up 21 ticks  at 132.07 (L: 131.67 / H: 132.28)
* Sep OAT futures (OA) down 24 ticks  at 163.31 (L: 163.23 / H: 163.62)

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