Trial now
USDCAD TECHS

Tests Major Support - The 2017 Low!

SILVER TECHS

Bulls Still In Charge

GOLD TECHS

Fades Through Thursday

EUROSTOXX50 TECHS

(M1) Bounces Off Lows

BRENT TECHS

(N1) Falls Back Into Range

AUDUSD TECHS

Fresh Weekly Lows

EGB SUMMARY
EGB SUMMARY: EGBs have drifted lower over the course of Friday, with a few sharp
headline/data-related movements along the way.
- The Jun 19 Bund future is down 13 ticks at 164.41, near bottom end of intraday
range of 164.31-164.74. The 2-Yr yield is up 1.3bps at -0.534%, 5-Yr is up 2bps
at -0.348%, 10-Yr is up 0.3bps at 0.07%, and 30-Yr is down 1.8bps at 0.712%.
- Bunds rallied on poor headline US nonfarm payroll numbers at 1330GMT, but the
negativity surrounding the number was quickly faded (possible one-off factors,
strong average hourly earnings, etc).
- BTP futures likewise down slightly on the day, by 7 ticks at 129.16. Weakness
concentrated at short-end of the curve, with 2-Yr yield up 6.3bps at 0.151%,
10-Yr is up 3.6bps at 2.505%. 10-Yr spread vs Bunds up 3.4bps at 243.6bps.
- Spanish and Portuguese spreads up under 0.5bps; Greece 5.1bps wider.
- Weekend attention likely to be paid to Brexit headlines ahead of UK`s votes
next week, and possibly noise in Rome around a 5-Star/League schism over a
planned Alpine tunnel between Italy and France.
- S&P rates Cyprus after U.S. markets close Friday.