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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

BOND SUMMARY
BOND SUMMARY: Core FI futures have respected familiar ranges so far, as Asia-Pac
data docket is particularly light today. The space picked up a bid, albeit a
small & short-lived one, as APRA released a strengthened prudential standard to
limit contagion risk within banking groups. Elsewhere, NHK reported that the
upcoming G7 summit may wrap up without a joint communique, due to persistent
fractures over trade and climate issues.
- T-Notes are back to unchanged, sit at 130-14 at typing. Cash Tsy yields trade
1.2-1.8bp lower across the curve. Eurodollar contracts last seen unch. to 1.0
tick better off through the reds. Speaking before hours, Fed's Rosengren said he
needs more signals of a slowdown to consider further policy easing warranted.
- JGB futures have round tripped from a session high of 154.83 and last trade at
154.79, 6 ticks lower vs. settlement. Cash yield curve runs slightly steeper.
20-Year JGB supply headlines today's docket.
- In Australia, YM trades -0.5 tick, with XM -2.5 ticks. Aussie bond yields sit
0.3-2.4bp higher across the curve, with bull steepening evident. Bills last seen
unch. to -1 tick through the reds.