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JPY

Cycle Highs In Sight For USD/JPY

AUD

Outlook Remains Bearish

JGB TECHS

(U1) Tilted Higher

AUSSIE BONDS

Local Risk Eyed

US SWAPS
US SWAPS: Spds running steady/mixed, sources note real$ paying in long end
earlier, mixed fly flow followed w/receiving 2s3s4s and paying 3s4s5s, 3s4s spd
curve steepener. Latest spd levels:
* 2Y  -0.12/22.00
* 5Y  +0.00/13.75
* 10Y -0.12/6.38
* 30Y -0.25/-4.75
Tuesday recap: Spds turn steady/mixed by the bell, paring much of early
narrowing, decent swappable issuance keeping hedging active across the curve.
Earlier flow included recent payer in 2s at 2.828%, 2s8s9s and 8s9s10s flys,
both receiving the belly.
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com