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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

J.P.Morgan Recommend 2-Year Tsy Shorts

US TSYS

J.P.Morgan have recommended initiating shorts in 2-year Treasuries. They flag that "2-year yields have revisited historic lows but are likely to find a floor around current levels given the evidence of their behaviour the last time rates were pinned at the ELB, as well as relative value considerations for banks. Risks are skewed toward higher yields and we turn bearish on 2-year notes. Sell $250mn notional of T 0.125% Jan-23s (yield: 0.11%; bpv: $198/mn). One-month weighted carry is 0bp and roll is -0.3bp."

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