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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

JGBS
JGBS: JGB futures have tried to fill the gap from Friday's close, but are
struggling for any real downside impetus, last -2 as we move towards the close,
which is 8 ticks off session lows. Lows were hit in early afternoon trade after
the average spreads applied across the BoJ's 1-10 Year Rinban ops ticked higher,
even as the offer to cover ratios moderated vs. prev. ops.
- Curve has twist flattened during the afternoon session, aided by the
aforementioned Rinban ops,
- 30-Year LCH/JSCC swap spreads stabilised today, after lodging 5 days of
tightening (which as we had previously outlined, is indicative of foreign
receiver side flow).
- The most interesting matter in the summary of opinions from the BoJ's most
recent MonPol decision was that one board member emphasised that a review of the
Bank's monetary policy was becoming a necessity as muted growth and stubbornly
low inflation continue.
- 2-Year supply and an address from BoJ Deputy Gov Amamiya headline tomorrow's
local docket.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com