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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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The early bid has faded a little with JGB futures off of their peak, but still up 9 on the day (albeit comfortably within the confines of the range observed last week), as U.S. e-minis tick higher and domestic equity markets move away from worst levels. The belly leads the rally, with the 5- to 10-Year zone of the curve trading ~1bp richer on the day at typing. Local headline flow remains limited.