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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

JPM analysts Jay Barry and Jason.....>

US TSYS/SUPPLY
US TSYS/SUPPLY: JPM analysts Jay Barry and Jason Hunter noted the US Treasury
"will announce end-of-month supply at 11am" today for "auction the following
week. We expect Treasury to announce $26bn 2-year notes, $34bn 5-year notes, and
$28bn 7-year notes, as well as $13bn reopened 2-year FRNS, all unchanged in size
from the last month. We think the 2-, 5-, and 7-year rolls should each open at
+1.0bp."
- They also said that "with markets pricing in greater than a 60% probability of
a 25bp hike at the December FOMC meeting, the IOR/2-year curve at its steepest
level since June, and post-FOMC dynamics suggesting risks of lower yields, we
turn neutral on duration and recommend unwinding duration shorts in the 2-year
sector."