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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

JGBS
JGBS: JGB futures have edged lower, in sympathy with Tsy price action from
Wednesday, with the contract sticking to a tight range thus far, operating off
of session lows in the early part of the Tokyo afternoon.
- The Nikkei 225 has added ~2.0%, which will have added additional pressure.
- The curve has run steeper, with an uptick in the cover ratio at the latest 1-5
Year JGB liquidity enhancement auction adding some support to the shorter end of
the curve in the afternoon session.
- Focus now moves to the 1-5 & 10-25+ Year BoJ Rinban operations due Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com