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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

BOND SUMMARY
BOND SUMMARY: Core FI was left to drift in sympathy with broader risk-related
flows in the first session of the week, with little in the way of headline flow
apparent. Early caution was evident surrounding COVID-19 worry in the U.S., a
poor restart to President Trump's rally tour and spillover caution from Friday's
NY session. That was before e-minis regained some poise and ultimately edged
higher during Asia-Pac hours. T-Notes unchanged at 138-25, yields marginally
mixed across the curve.
- Afternoon trade saw JGB futures draw support from the softer offer/cover
ratios observed in the latest round of 1-10 Year BoJ Rinban operations, after
following broader flows during the morning session. Futures last +6, with light
underperformance in the super-long end in cash trade. Meanwhile, the swap curve
has twist flattened.
- Aussie bond futures have hovered around unchanged levels for most of Sydney
trade, with little in the way of fresh local news flow evident, outside of the
re-tightening of some COVID-19 limits in the state of Victoria. YM -0.5, XM
unch.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com