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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

Bunds and Gilts are on the front foot amid bull flattening with periphery spreads a little tighter early Tuesday, with issuance and central bank speakers eyed.

  • Equities mixed, dollar weaker in the early going.
  • Several bill sales today (some making up for Monday's holiday), plus Dutch E2bln 30-Yr DSL sale, and expected Gilt linker syndication.
  • Speakers include ECB's Villeroy (1400BST) and Lane (1500BST), with BOE's Tenreyro later (1700BST).
  • In data, Gov't borrowing revised lower; German IFO up at 0900BST.

Latest levels:

  • Jun Bund futures (RX) up 20 ticks at 169.52 (L: 169.29 / H: 169.58)
  • Jun Gilt futures (G) up 8 ticks at 128.16 (L: 128.12 / H: 128.29)
  • Jun BTP futures (IK) up 22 ticks at 146.34 (L: 146.24 / H: 146.42)
  • Italy / German 10-Yr spread 1bps tighter at 115.4bps
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com