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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%

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  • local & USD rates trade a fraction firmer this morning, having sold off sharply in yesterday's session as Duma elections concluded with UR claiming 49.82% of the vote under controversial circumstances with the e-voting system causing concern.
  • The OFZ curve shifted +7-9bp higher on the day, with weakness exacerbated by broad-based risk off.
  • 10Y yields have now returned to 7.20 resistance after failing to hold below 7.00 in the early part of the month and stand in oversold territory on the RSI.
  • Russia's 5Y CDS also notched +10.55bp higher yesterday, but has retraced -1.28bp so far this morning.