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USDCAD TECHS

Consolidation Mode

AUDUSD TECHS

Maintains A Bullish Tone

EURJPY TECHS

Corrective Cycle Still In Play

Lower but steady ahead of NFP

US TSYS SUMMARY

US Treasuries remain lower but steady ahead of the awaited NFP, as the US head into a long weekend (Labour Day Monday).

  • Equity unwound, pushed futures contract into green territory, which has weighted on core Govies, albeit within range.
  • Curve was initially bear flatter during the European opening bell, but we have since faded as the US starts to come in.
  • Looking ahead, all eyes on NFP and unemployment, as well as Canadian employment data.
  • No Fed speakers are scheduled, but worth keeping a look on ECB's Lane.
  • TY1 futures are down -0-5+ today at 139-24
  • 2y yields up 0.4bp today at 0.132%- 5y yields up 0.5bp today at 0.254%.
  • 10y yields up 1.4bp today at 0.650%- 30y yields up 2.0bp today at 1.383%
  • 2s10s up 1.0bp today at 51.8bp- 10s30s up 0.6bp today at 73.3bp
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com