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USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

BOND SUMMARY
BOND SUMMARY: Core FI softened in spite of an absence of any fresh bright spots
in U.S.-China relations or elsewhere. News-wise, Fedspeak from Chair Powell re:
imminent T-Bill purchases program was overshadowed by trade matters ahead of
Thursday's negotiations between high-level reps form U.S. and China. Meanwhile,
the White House refused to take part in the ongoing impeachment probe, while
Turkey said its forces will cross the Syrian border shortly. T-Notes last trade
-0-01 at 131-21+, off the 131-26 session high. Cash Tsy yield curve is a touch
higher & steeper. Eurodollars trade -1.5 to +0.5 tick through the reds.
- JGB futures slipped after a higher open, last trade at 155.02, 7 ticks above
settlement. Cash JGB yields oscillate around unch. Levels.
- In Australia, YM is unch. & XM +1.0 tick. A soft Westpac cons. conf. reading
triggered a knee-jerk uptick in the space as headline index slid to a 4-year
low. ACGB yields sit 0.2-1.2bp lower, with minor curve flattening apparent.
Bills last seen -1 to +1 tick through the reds. The AOFM tapped the market for
A$800mn of 2.75% 21 Nov 2029 ACGBs; bid to cover was 2.2750x vs. the prev.
4.0000x, but the size of the auction (A$800mn) was larger than normal.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com