Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

US TSYS/TIPS

J.P.Morgan note that "breakevens still appear broadly rich relative to their fundamental drivers, and we see limited room for continued widening on the back of further declines in liquidity premium. However, given the possibility that Fed Chair Powell provides clarity on the policy framework review at Jackson Hole, the recent outperformance of the 10-year sector, and an expectation that core CPI inflation will remain firm next month, we initiate tactical 5s/10s breakeven curve flatteners at 10.1bp."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com