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US TSY FUTURES

BLOCK, Huge 5Y Buy Post-Data

US 10YR FUTURE TECHS

(Z2)‌‌ Approaching Resistance

LATAM FX

Price Signal Summary - Bearish Extension In USDMXN

US DATA

Weaker Details Behind Medical Care Services

LATAM FX

Price Signal Summary - Bearish Extension In USDMXN

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EGB SUMMARY
EGB SUMMARY: EGBs took a turn for the worse shortly after the US crossover, with
strong upward revisions to past months` US retail sales data and thin volumes
combining to send bonds lower.
- Bund futures appeared to be levelling out in early afternoon after early
losses, but fell sharply beginning around 1400BST, tracking US Tsys lower. The
Sep8 future dropped 35 ticks to a low of 162.50, last trading at 162.53.
- The German curve bear steepened, with 2s10s up 2.0bps to 98.3bps. 2-year
yields remained fairly well-anchored though (up less than 1bps) ahead of
Tuesday`s Schatz auction.
- Periphery yields are up but spreads are broadly tighter, with Portugal
underperforming as the 10-year PGB has widened 1.6bps vs Bunds to 141.1bps.
- Italian 2-year BTPs have rallied 2.9bps to 0.658%, and while 10-year yields
rose 2.8bps to 2.579%, it is notable that both instruments are testing the lower
end of the trading yield range they have been in since the late May sell-off.
- The Euribor futures curve has bear steepened, with Blue contracts off 2.0-3.0
ticks and the short-end down just 0.5-1.0 ticks.

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