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USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Consolidating At Trendline Support

EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

BOND SUMMARY

T-Notes have crept higher and last trade +0-02+ at 139-13, printing new session highs, but yet to test yesterday's best levels. Some light bull flattening evident in cash Tsy space, with yields last seen 0.2bp to 1.5bp lower across the curve. Eurodollars trade unch. to +1.0 tick through the reds. Headline flow has been few and far between, while the regional docket is rather uninspiring today, providing little broader impetus in early Asia-Pac trade.

  • JGB futures trade through overnight highs, last +10 at 151.84. 2s outperform in cash trade, while the longer end lags ahead of today's 30-Year JGB supply (albeit by a narrow margin).
  • In Australia, YM unch. & XM +2.5 as we type. Cash curve has undergone some twist flattening, perhaps on the back of U.S. Tsy impetus. Bills sit unch. to -1 tick through the reds. On the data front, ANZ Roy Morgan Weekly Consumer Confidence edged higher, but still sits below 90. Elsewhere, the RBA has just released minutes from its Aug MonPol meeting.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com