Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

US TSYS
US TSYS: T-Notes head a 0-03+ range overnight, last -0-01 at 139-05, as yields
sit unch.-1.1bp richer across the curve. Little to note for the space, with
comments from Chinese diplomat Wang apparently signalling the potential for the
resumption of Sino-U.S. talks, across all levels, based on mutual sincerity.
Elsewhere, Sino-Antipodean tensions surrounding Hong Kong have moved up a level.
- The tone of Wednesday's Fedspeak was largely consistent with the respective
policymakers' recent rounds of rhetoric, although comments from non-voter
Bullard drew the most attention. He discussed employment matters with CNBC,
noting: "Seems to me like by the end of the year you can get down certainly to
single digits, probably even below 8%, maybe 7% by the end of the year."
- U.S. COVID-19 case numbers' impact on the market has waned in recent times
(for the most part), and it would likely take a meaningful swing higher for
those metrics and/or the mortality rate to generate a notable reaction in
broader markets. Vaccine news remains positive at the margins.
- 10-Year supply: cover > avg, dealer takedown < avg, stopped thru WI by 1.0bp.
- 30-Year supply, weekly jobless claims and Fedspeak from Bostic due today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com