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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

JGBS
JGBS: JGBs were bid on Monday, with futures closing back above 151.00, aided by
the political uncertainty stemming from Italy & doubts over the likelihood that
the BoJ will normalise policy in FY 2019.
- US yields finished higher on Monday as the belly led the way as markets
shrugged off political worry & the latest trade rhetoric out of the US.
- The most notable risk event for the space today will be 30-Year JGB supply.
- Barclays suggest that "today could see sellers initially take the upper hand,
led by futures, which richened abruptly with the improvement in risk sentiment
after USTs continued to fall in the long end overnight."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com