Trial now
USDCAD TECHS

Heads North

EUROZONE ISSUANCE

EGB Supply For W/C Sep 20, 2021

JPY

Familiar Lines In the Sand In Play For USD/JPY

AUDUSD TECHS

Bearish Cycle Still In Play

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Sep 20, 2021

EURJPY TECHS

Needle Points South

Range Trade Ahead Of ISM

US TSYS SUMMARY
Treasuries have opened the month with sideways trading within Friday's ranges and a bit of bear steepening in the curve, ahead of ISM data and Fed speakers.
  • Mar 10-Yr futures (TY) up 3/32 at 137-04 (L: 137-02 / H: 137-08.5), healthy (~300k) volumes.
  • The 2-Yr yield is down 0.2bps at 0.1073%, 5-Yr is up 0.8bps at 0.4272%, 10-Yr is up 1.2bps at 1.0774%, and 30-Yr is up 1.6bps at 1.8453%.
  • Dollar's on the front foot, though equities are higher too - the recent retail speculation craze has moved onto Silver which is off highs but still soaring in overnight trade. Again, not much in the way of macro/headlines driving.
  • Some attention on Pres Biden meeting w Republican senators at the White House this afternoon to discuss their alternative $600B relief proposal.
  • Final Jan Mfg PMI at 0945ET, with 1000ET bringing Jan ISM and Dec Construction spending.
  • Fed speakers today: Minn's Kashkari at 1200ET, Dallas' Kaplan at 1300ET, Atlanta's Bostic and Boston's Rosengren at 1400ET.
  • Tsy marketable borrowing estimate released at 1500ET.In bill supply, $105B of 13-/26-week at 1130ET. NY Fed buys ~$1.750B of 20-30Y Tsys.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com