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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

US SWAPS
US SWAPS: Spread and fly activity has dominated in terms of the larger clips put
through, with swap rates lower, led by the belly, but back from lows. Spds vs.
Tsys are tighter from 4 years out. Latest spd levels: * 2Y +0.38/15.50 * 5Y
-0.13/7.88 * 10Y -0.17/2.63 * 30Y -0.25/-17.00
- Trades of note included:
- At 00:33GMT there appeared to be a 10Y-20Y-30Y Fly, paying the belly
- At 00:33GMT there appeared to be a USD51.5k DV01 10Y-30Y FLATTENER at 10.625bp
- At 00:45GMT there appeared to be a USD60mln payer of USD 4Y at 2.6103%
- At 00:47GMT there appeared to be a 3Y-4Y-5Y Fly, receiving the belly
- At 01:06GMT there appeared to be a USD210mln receiver of USD 2Y at 2.6813%
- At 01:21GMT there appeared to be a USD130mln payer of USD 2Y at 2.67113%
- At 01:25GMT there appeared to be a USD152.8k 10Y-20Y-30Y Fly, receiving the
belly
- At 02:22GMT there appeared to be a USD93.2k 3Y-4Y-5Y Fly, receiving the belly
- At 03:17GMT there appeared to be a USD75mln payer of USD 2Y at 2.6825%
- At 05:28GMT there appeared to be a USD75mln receiver of USD 5Y at 2.6048%
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com