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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

GILT SUMMARY
GILT SUMMARY: Gilts faded into the 20-yr Gilt supply, but recovered some of the
lost ground following strong demand and small tail, to trade steady to modestly
higher led by the long-end, and in turn flattening the yield curve.
- 2-yr Gilt yield is +0.1bp at 0.536%, 5-yr -0.6bp at 0.79%, 10-yr -1.9bp at
1.267% and 30-yr -2bp at 1.80%.
- The DMO tapped 1.75% Jul 2037 Gilt for Stg2.25bln with demand rising and tail
dropping to just 0.1bp vs 0.4bp previously.
- Gilts opened higher led by the long-end taking cue from overnight move higher
in USTs following comments from China's SAFE that BBG story on China slowing or
even stopping purchases of USTs could of been from a 'wrong source' or even fake
news.
- A survey from recruiter Morgan McKinley showed vacancies in London's financial
district in Dec dropping by 52% m/m the highest in 3-years, showing possible
sign of impact of Brexit, as banks hold back on recruiting.
- Both swap spreads and breakevens are little changed so far Thursday, while
short sterling strip is steady to higher but in very light volume.