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Bullish Engulfing Reversal Still In Play


Will The CHF Strength Drag Down Swiss CPI?


Short-Term Outlook Remains Bullish


Rabobank Launched

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TYZ1 trades back to early highs, perhaps on the broader realisation that the Evergrande coupon repayment is just the first of several missed payments that the firm has to meet, while the payment itself is not set to change the long-term dynamics surrounding the troubled firm. President Biden's promise to protect Taiwan in all eventualities may also be providing some light support. Still, the contract continues to operate in a narrow 0-05+ range. Cash Tsys run 0.5-2.0bp richer, with 2s lagging.