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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

JGBS
JGBS: JGB futures last trade 12 ticks softer at 150.55, after a brief foray
higher in early dealing was met by sellers, with additional selling apparent in
the afternoon session. Futures eased following reports from Kyodo re: comments
from a ruling LDP party off'l, who suggested that dissolving the lower house is
one option available to the party in light of the recent political scandal &
fall in PM Abe's approval rating. This would bring the longevity of Abenomics
into question. The initial sell off also coincided with US Tsys moving lower, as
the US 10-Year yield breached 3.00%.
- The BoJ left the size of its Rinban operations covering the 5-25+ Year buckets
unchanged in today's round of operations. Looking at the breakdown, the 5-10
Year bucket's offer to cover ratio was largely stable as the yield spread
moderated. The 10-25 Year bucket's offer to cover ratio eased, as the yield
spread moderated. The 10-25 Year bucket's offer to cover ratio edged up as the
yield spread moved into negative territory.
- There was little in the way of headlines during the afternoon session.
- The belly of the cash space has underperformed.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com