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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

BOND SUMMARY

T-Notes have inched higher as e-minis have backed off highs, but it is hard to name any catalysts beyond familiar concerns over coronavirus and U.S. fiscal matters. The contract last trades +0-01+ at 139-00+, near session highs. Bull flattening hits the cash space again, with yields sitting 0.4-1.6bp lower across the curve. Eurodollar futures trade -0.5 to +0.5 tick through the reds. China's data dump takes focus in Asia, while U.S. docket features domestic retail sales, industrial output, preliminary U. of Mich. Survey and a Q&A with Fed's Kaplan.

  • JGB futures have wavered, looking for a clear direction, and last trade at 151.70, 17 ticks shy of settlement. Cash JGB yields generally sit slightly higher, with only 2-Year yields edging lower. An enhanced liquidity auction for off-the-run 5-15.5 Year JGBs headlines in Japan today.
  • In Australia, YM -0.5 & XM -4.0; Yield curve has bear steepened, catching up with overnight dynamics in U.S. Tsys. Bills running 1-2 ticks lower through the reds. The space has shown little reaction to a parliamentary testimony from RBA Governor Lowe and ACGB 2.75% 21 Nov #28 supply.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com