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GILT TECHS

(M1) Key Support Zone Exposed

SCHATZ TECHS

(M1) Clears Congestion Support

BTP TECHS

(M1) Downtrend Extends Further

BOBL TECHS

(M1) Bearish Breakout Cemented

USDJPY TECHS

Fierce Bounce, But Needs to Stick

US SWAPS
US SWAPS: Spds mildly tighter into the close, low end narrow range. Sources
noted bank paying in 10s coming into the session followed by flow includes $240M
payer in 3s at 1.96125% after 10Y10Y forward steepener. Better paying from
fast$, real$ and insurance portfolios across the board into the Tsy sale. Real
vol supportive of OTC/exchange implied vol, off earlier highs, flow volume
moderating after ECB annc, still waiting to hear from US Pres Trump on Fed chair
appt., Taylor considered a tail even for mkts (re: higher Tsy ylds), Powell
still leads w/68%. Latest spread levels:
* 2Y  -0.31/22.44
* 5Y  -0.31/7.44
* 10Y -0.31/-2.62
* 30Y -0.31/-29.31
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com