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CORN TECHS

(Z1) Gains Considered Corrective

EGB OPTIONS

Bund call spread

STIR

Effective Fed Funds Rate

GILTS

DMO Plans Lower 2021-22 Issuance Than Expected

US TSY FUTURES

New Yield Curve Lows

Core FI have continued to be...........>

BOND SUMMARY
BOND SUMMARY: Core FI have continued to be pressured, albeit very modestly, in
the wake of yesterday's sell-off driven by optimism re: coronavirus situation.
Most Asia-Pac equity benchmarks operate in the green. T-Notes hold to a tight
range & last trade flat at 130-17+. Yields sit marginally lower in cash trade.
Eurodollars last seen -0.5 to +1.0 tick through the reds.
- JGB futures last seen at 152.48, 20 ticks shy of settlement. Cash yields trade
higher across the curve. BoJ's Masai has failed to move the needle in the most
recent speech. The highlight today is 30-Year JGB supply.
- In Oz, YM -4.5 & XM -5.0. The paper dropped in reaction to Australian data
dump, seemingly as quarterly retail sales topped estimates, even as the monthly
reading showed a larger decline than forecast. Cash yields trade 4.3-5.1bp
higher across the steeper curve. Bills trade 4-5 ticks lower through the reds.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com