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GBPUSD TECHS

Key Resistance Exposed

EURUSD TECHS

Consolidating

EUROSTOXX50 TECHS

(M1) Approaching Key Support

BTP TECHS

(M1) Downtrend Extends

GILT TECHS

(M1) Key Support Zone Exposed

SCHATZ TECHS

(M1) Clears Congestion Support

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese MOF will today sell Y2.0tn of 2-Year JGB's
opening JB#402.
- The MOF last sold 2-Year debt on May 30, the auction drew cover of 5.440x at
an average yield of -0.169%, average price of 100.540, high yield of -0.166%,
low price of 100.535, with 38.4410% of bids allotted at the high yield.
- 2-Year JGB yields printed the lowest level seen since April 2017 last week,
but operate ~4.5bp back from last week's trough at writing.
- The 2-/5-Year spread looks extremely flat at present.
- 2-Year ASW swaps operate around the middle of their recent range.
- Results due at 0435BST/1235JST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com