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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

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The People's Bank of China (PBOC) conducted CNY600 billion through one-year medium-term lending facility (MLF) and CNY10 billion via 7-day reverse repos with the rate unchanged at 2.95% and 2.20% respectively on Monday. The operation drained net CNY100 billion from the market as CNY700 billion MLF maturing Tuesday and CNY10 billion maturing today, according to Wind Information.

  • The operation aims to fully meet the liquidity demands from the financial institutions and to keep liquidity reasonable and ample, considering the liquidity to be hedged by the the liquidity released by the reserve requirement ratio cut last month, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.2000% at 09:25 am local time from the close of 2.1860% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 39 on Friday vs 45 on Thursday.