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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

US SWAPS
US SWAPS: Front end spds continue to grind wider, dragging balance of spds off
earlier lows. In-line, heavier rate paying in 1s (>$2B nominal) around
2.5690-2.5675%, 2s and 7s (around 2.361-2.375%; mixed flys last hour includes
2,3,4 receiver and 2s5s6s payer. Earlier -- 2Y popped wider in post 3M LIBOR
higher set/front end selling, rate paying around 2.443%-2.4352%. Spds were
tighter on back of Tue's healthy issuance. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
10:45       +1.88/10.56   +0.50/4.00     +0.06/-1.44   -0.19/-24.44
9:00        +1.38/10.06   +0.12/3.62     -0.12/-1.62   -0.31/-24.56
Wed Open    +1.12/9.75    +0.12/3.62     -0.25/-1.75   -0.31/-24.56
Wed 7:30    +1.12/9.75    +0.00/3.50     -0.31/-1.81   -0.44/-24.69
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com