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COPPER TECHS

(H2) Monitoring Support

US EURODLR OPTIONS

Decent Midcurve Put Fly Buying

EQUITIES

EU Bank spread

AUSSIE BONDS
AUSSIE BONDS: Futures ran higher in SYCOM trade, alongside Tsys (albeit with 10s
underperforming their U.S. counterpart), as the major contracts reversed their
Sydney session losses, leaving YM & XM 4.0 & 5.0 ticks above their respective
settlement levels as we type.
- Terry McCrann has re-affirmed his call that the RBA will not cut rates next
week, post-CPI, highlighting that "the retail sales figures for Christmas will
be critical; and what is happening with consumer spending in the current March
quarter will now determine what happens to rates."
- Market pricing points to a ~10% chance of a cut next week (per the IB strip).
- Terms of trade data is due today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com