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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

BOND SUMMARY
BOND SUMMARY: Coronavirus worry (spurred by an uptick in Chinese case numbers &
death toll) provided a bid for the FI space in Asia-Pac trade, as T-Notes
extended on their post-Fed gains, breaking through recent highs, last +0-08 at
131-08+, with yields sitting 1.5-2.1bp lower across the curve. Small to moderate
buying interest was seen in TYH0 132.25 and 133.00 calls overnight. Eurodollar
futures print unchanged to 3.5 ticks higher through the reds.
- Aussie Bond futures seemingly happy to hum along in ranges after the recent
domestic data prints. YM +4.5, XM +5.0. Bills 2-5 ticks higher through reds.
Little to comment on re: idiosyncratic drivers, with most of the regional focus
falling on Tsys. NAB became the latest to push back their RBA easing call.
- JGB futures broke their recent range top, last +28, 2 ticks off highs, with
10-Year yields back below -0.05%. Early bull flattening was unwound on the back
of a solid 2-Year auction. Signs of foreign receiving flows persist in 30-Year
swaps, with the LCH/JSCC spread tightening further.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com