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AUSSIE BONDS

Futures Off Lows, Curve Still Steeper

US TSYS

Steady Start

CABLE
CABLE: Squeezing lower in early Europe, as the USD again seen picking up favour.
Cable breaks below Friday's base of $1.2921 to extend further its corrective
pullback from last Thursday's high of $1.2996(reaction to BOE Carney leaving
door open to a rate hike despite possible no-deal Brext disruption). Rate trades
to $1.2916 at writing with recovery efforts so far remaining very shallow. Next
support seen at $1.2908(61.8% 1.2854-1.2996) with further interest expected into
$1.2900. A break below to expose $1.2888(100-dma, 76.4% $1.2854-1.2996).
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com