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EURUSD TECHS

Trend Outlook Remains Bearish

FED FUNDS FUTURES

FFF2 Given

EUROSTOXX50 TECHS

(Z1) Resumes Its Slide

BTP TECHS

(Z1) Remains Above Last Week’s Low

OIL

Marginally Lower In Asia

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese MOF will today sell Y2.0tn of 2-Year JGB's
opening JB#409. The MOF last sold 2-Year debt on December 24, the auction drew
cover of 4.688x at an average yield of -0.098%, average price of 100.395, high
yield of -0.095%, low price of 100.390, with 52.9179% of bids allotted at the
high yield.
- 2-Year yields sit around the middle of the range observed since the most
recent auction of this tenor, with the 2-/5-Year yield spread back from recent
steeps. Coronavirus matters have largely driven prices of global assets in
recent sessions.
- The BoJ's preference for a steeper curve presents little in the way of risk
re: near-term reductions to its Rinban purchases in the shorter end of the
curve, which should provide at least some underlying demand.
- The 2-Year ASW spread sits just off recent highs.
- Results due at 0335GMT/1235JST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com