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EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

Rates trading weaker, carry-over.......>

US TSY FLOWS
US TSY FLOWS: Rates trading weaker, carry-over choppy trade w/modest risk-on
tone to end month/quarter, equities little firmer (ESZ9 +9.25), Gold extends
last week's sale on back of stronger US$, gold currently -13.0.
- Risk-on, albeit ephemeral, could be related to stories saying US TSY has no
current plans to block China listings on US exchanges. Risk-off never far away
as mkts wary of headline risks related to impeachment inquiry, Brexit, global
trade, et al. 
- Limited early week data w/ISM-Milwaukee Mfg Index at 0900ET, Chicago PMI at
0945ET, 13- and 26W bill auctions kick off wk's limited Tsy issuance.
- Overnight flow includes fast$ buying in 5s, prop and fast$ swap-tied selling
in 2s and 10s, Block sale TUZ and Oct FF/1M SOFR spd. Light flattener unwinds.
- The 2-Yr yield is up 1.2bps at 1.6437%, 5-Yr is up 1.3bps at 1.5751%, 10-Yr is
up 1.7bps at 1.6974%, and 30-Yr is up 1.8bps at 2.1468%.
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com