Trial now
USDJPY TECHS

Testing Trendline Support Again

EURGBP TECHS

Attention Is On Resistance

GBPUSD TECHS

Through 1.4000

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C May 10, 2021

EURUSD TECHS

Resumes Its Upleg

EUROSTOXX50 TECHS

(M1) Clears 4000

Note On Local Yields

CHILE

Local yields have risen today following a surprise beat in CPI readings. Despite a flurry of economists reinforcing their views that policy will remain unchanged for the near-term, the shift higher in the camara curve has been picking up steam.


  • The 1-year peso/camara swap yield rose 6bps to 0.56%, its biggest increase since Sep. 6. A similar move in the 2 year contract saw the swap rate rise to the highest level since April 2020, rising above 0.9%. This represents a near 25 basis point rise since January 31st.
  • Deutsche Bank noted Jan. CPI does not reflect permanent shocks or pressures on the demand side, therefore unlikely to change the Central Bank's stance.
  • Santander added higher CPI due to liquidity shocks; wide capacity gaps to predominate once this effect disappears.
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com