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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

Mild risk-on, Tsys little weaker on....>

US TSY FLOWS
US TSY FLOWS: Mild risk-on, Tsys little weaker on light volume (TYH<210k, Japan
out for one day holiday), yld curves mixed.
Equities posting modest gains (SPX +7.5, 2713.75) following bounce in Chinese
and European stocks. US$ index adds to last wk's gains (+.184, 96.821 vs.
96.693H).
- Slow start to the week with NY Fed expectations survey for February; 13- and
26W bill auctions. Data picks up midweek with backlog Nov & Dec items from US
Census Dept Thur. Tensions likely to grow as wk proceeds if no border funding
resolution ahead Fri's U.S. govt shutdown deadline. Not a good sign, weekend
headlines said border security negotiations had broken down.
- Light two-way during much of Asia hours (China returns from wk long holiday,
Japan out), modest selling across the curve in early London trade w/prop and
real$ selling intermediates, Littls to no deal-tied hedging. Not much of a react
to another lower 3M LIBOR set (-0.0097 to 2.6880%, adding to last wk's sharp
decline of -0.0349). Tsy cash/ylds: 2Y 100-01.62 (2.471%), 5Y 100-06 (2.458%),
10Y 99-25.5 (2.646%), 30Y 100-08 (2.987%).