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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%

Mildly higher with the exception of....>

US TSY FLOWS
US TSY FLOWS: Mildly higher with the exception of weaker 2s, Tsys well off
higher levels from most of the session, light volume (TYH<970k). US$ index
climbed back to Jan 25 levels (DXY +.317, 96.384) when US Gov re-opened when
index fell from 96.528 to 95.738. Equities steady/near mid-range (SPX 2730.0).
- FI bid evaporated after 10Y auction -- US Tsy $27B 10Y note auction
(9128286B1) awarded 2.689% rate (2.728% in January; 3.109% avg) vs. 2.690% WI.
- Session flow included large short end selling Fed fund futures (-50k FFG, -35k
FFJ both at 97.60); Block buying appr 20k FFH (114-17 to 114-19), light two-way
curve flow, decent late selling front end Eurodollar futures. Light deal-tied
selling in 5s-10s.
- On tap for Thu: Weekly claims (221k est); consumer credit for December
($16.5B); $19B 30Y bond auction (912810SF6). Dal Fed Pres Kaplan, Fed Brd Gov VC
Clarida and StL Fed Pres Bullard speak at separate events.
- Tsy cash/ylds: 2Y 99-30.75 (2.518%), 5Y 100-07 (2.588%), 10Y 103-21.5
(2.693%), 30Y 106-23.5 (3.029%).