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USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

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BLOCK, Late Puts

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Post BOE-Rate Hike React

US TSY FUTURES
Short end rates lagging bounce in longer US Tsys (30YY slipped to 2.9357% low) after the BoE raised bank rate by 50bp to 1.75% - the most since 1995 on a 8 to 1 vote (Tenreyro wanted 25bp hike), with Gilt sales starting in Sep.
  • Inside overnight range for Tsys with Bonds off lows, yield curves extend inversion (2s10s down to -38.606, lowest since Sep 2000), all on light volumes: TYU2 only 228k at the moment, with Initial Jobless Claims and Continuing Claims up at 0830ET (260k and 1.383M respective estimates), Trade Balance (-$80.0B est).
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Short end rates lagging bounce in longer US Tsys (30YY slipped to 2.9357% low) after the BoE raised bank rate by 50bp to 1.75% - the most since 1995 on a 8 to 1 vote (Tenreyro wanted 25bp hike), with Gilt sales starting in Sep.
  • Inside overnight range for Tsys with Bonds off lows, yield curves extend inversion (2s10s down to -38.606, lowest since Sep 2000), all on light volumes: TYU2 only 228k at the moment, with Initial Jobless Claims and Continuing Claims up at 0830ET (260k and 1.383M respective estimates), Trade Balance (-$80.0B est).