LEVELS TO WATCH: The RBA, BoC and Fed have....>

BONDS: LEVELS TO WATCH: The RBA, BoC and Fed have all eased aggressively this

week. Which CB will be next? Technical trend readings remain bullish with focus

primarily on supports that should hold to maintain the underlying trend.

*** TYM0 KEY LEVEL: SUP: 134-09, Tuesday's low and key S/T support. 132-00, key

trend support. This area capped gains in Sep, Oct and Feb (cont.). While it

seems far away, sharp swings in markets are possible as coronavirus related

events evolve.

*** RXM0 KEY LEVEL: SUP: 174.02, Tuesday's low and key S/T support. 172.45, Jan

31 high is a more significant support. RES: 179.67 (cont.), the all time high

from Sep 3 in this long-term uptrend.

*** G M0 KEY LEVEL: Gilts have traded to historic highs this week. SUP: 135.026,

yesterday's low, S/T key level. SUP: 135.52 and 134.46 (cont). The former is the

Jan 30 high and a broader trend support. The latter is trendline support drawn

off the Jan 2 low .

*** JB1 KEY LEVEL: SUP: 153.38, Mar 3 low, key S/T support. 153.13, Feb 3 high.

RES: 154.57, 76.4% of the Sep - Dec downleg.