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USDCAD TECHS

Watching The 50-Day EMA

AUDUSD TECHS

Bearish Focus

MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

Futures Consolidate After Pullback

JGBS

Little to add to the earlier points, with futures consolidating after the early pullback, hitting the lunchbreak +6 vs. settlement levels. Cash trade saw the 7-10 Year zone of the curve richen, while either side of this zone cheapened. Swap spreads were wider across the curve, as the swap curve steepened.

  • 1-5 Year BoJ Rinban ops saw the sizes of the ops left unchanged, with the most notable detail in the breakdown being an uptick in offer/cover ration of the 1-3 Year ops (to a not so lofty 3.00x).
  • Elsewhere, Japanese Chief Cabinet Secretary Suga refused to comment on any prospects re: running for PM, using his latest address to focus on the task at hand i.e. fighting COVID-19.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com