Trial now
JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

Festive Season Lull

BOND SUMMARY

Nothing much in the way of fresh macro flow to provide impetus for core FI space so far. T-Notes trade -0-01 at 137-28+ after holding a tight range. Cash Tsy yields are virtually unch. across the curve, while Eurodollar futures trade unch. to -0.5 tick through the reds. The space has digested U.S. fiscal developments outlined earlier, including continued wrestling over higher stimulus checks between Democratic lawmakers/U.S. Pres Trump & GOP Senators.

  • JGB futures have edged lower and last trade at 151.92, 3 ticks shy of last settlement. For the most part, cash JGB yields sit slightly below neutral levels. Japanese Ibaraki prefecture experienced a magnitude 5.1 earthquake, but there was no tsunami risk and authorities found no abnormalities at nearby nuclear reactors. Elsewhere, the Nikkei reported that Japan will issue gov't-backed green bonds for the first time.
  • Australian YM trades unch. with XM seen -0.5. Cash ACGB curve has twist steepened a tad, with yields sitting -0.7bp to +0.7bp. Bills trade -1 to +1 tick through the reds. The NSW Covid-19 outbreak remains under scrutiny.