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EUROZONE ISSUANCE

EGB Supply For W/C June 20, 2022 (2/2)

USDJPY TECHS

Trend Condition Remains Bullish

EUROZONE ISSUANCE

EGB Supply For W/C June 20, 2022 (1/2)

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MNI: RBA/RBNZ VIEW: In their 2019 global outlook TD securities recommended
paying RBNZ Nov'19 OIS to receive RBA Nov'19 OIS.
- TD wrote that "the market has priced 16bps of a 25bps hike for the RBA, but
only 12bps of a 25bps hike for the RBNZ. We believe there is a greater chance
that the RBNZ hikes before the RBA. We enter at +4bps, target +16bps, stop at
flat. "
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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