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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

EQUITIES

JPMorgan:

  • High corporate cash balances are keeping loan demand subdued
  • Released $3bln in credit reserves in vote of confidence for economic outlook
  • $24.2bln of consumer loan portfolio, or 2.9%, in payment deferral, down from $29.3bln in prior quarter

Wells Fargo:

  • Deferred payments & fees for 3.6mln consumer and SME clients- Both commercial & consumer loan portfolios saw declines in losses and net charge-off
  • Credit card revenues up 2% on lower customer payment deferrals and seasonally higher spending
  • Uncertainty in 2021 forecasts due to: soft industry loan demand, credit spreads tightening & elevated mortgage market prepayments

Citigroup:

  • Citi's credit card biz revenue fell 13% due to lower purchase sales and higher payment rates
  • Credit costs fell, reflecting better outlook for global GDP & fewer portfolio downgrades