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BTP TECHS

(Z1) Bearish Focus

GILT TECHS

(Z1) Sharp Slide Extends

ASIA FX

Baht Worst Performer On Negative Day

SCHATZ TECHS

(Z1) Gains Considered Corrective

BOBL TECHS

(Z1) Outlook Remains Bearish

JGBS
JGBS: Little reaction in lieu of the latest 10-Year JGB auction, which was
buffeted by 10-Year yields moving back into positive territory, allowing the
average yield of the auction to register at 0.015%. The tail on the auction
narrowed vs. the previous 10-Year supply, with the cover ratio ticking higher.
Also worth highlighting that the low price of the auction topped the exp. in the
BBG poll, albeit at the margin.
- The 10-Year sector underperforms on the day, with benchmark last yielding
0.008%, while futures operate at the lower end of today's range.
- Swaps are tighter across the curve.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com