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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

US TSYS

Flat Restart After Wednesday's Steepening

AUSSIE 3-YEAR TECHS

(Z1) Sell-Off Abates

AUSSIE BONDS

Parallel Shift In Futures Overnight

RBNZ

VIEW: ASB Looking For Higher Peak In OCR

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German fixed income futures have edged away from their late Thursday session levels, with the previously outlined pushback from the ECB surrounding the FT's report (https://www.ft.com/content/0ee1336d-1c7c-43b5-a8ed-f141f31fb70e) re: comments from Executive Board member Lane on its in-house long-term inflation and interest rate views allowing the contracts to nudge higher in early overnight dealing.

  • BBG noted that the ECB said that "the FT story is not accurate. Mr. Lane didn't say in any conversation with analysts that the euro area will reach 2% inflation soon after the end of the ECB's projection horizon." Lane "made clear in a public event on Wednesday that by being persistent with a high level of monetary stimulus, the ECB can reach its 2% target over time, without mentioning a specific date."
  • Futures: Schatz -1.0, Bobl -10., Bunds -20, Buxl -40.