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USDCAD TECHS

Pullback Considered Corrective

EUROZONE ISSUANCE

EGB Supply For W/C Sep 20, 2021: Upcoming

AUDUSD TECHS

Holding Above Recent Lows

EUROZONE ISSUANCE

EGB Supply For W/C Sep 20, 2021: Recap

JPY

USD/JPY Testing Resistance

US TSYS

T-Notes last print -0-01 at 139-17, holding a tight range after edging away from best levels during NY trade, with the curve bull flattening on the day.

  • Soft U.S. data fed into the flattening narrative, while the recent run of inflation pricing and the easy does it messaging from Wednesday's Fed minutes resulted in a tail of over 5.0bp vs. WI in the latest 30-Year TIPS auction, with the takedown metrics and cover ratio softer than recent averages.
  • Flow was dominated by a TY/UXY steepener.
  • A Johnson & Johnson 6-parter headlined the corporate issuance slate on Thursday.
  • Little in the way of true tier 1 risk events scheduled in Asia-Pac hours.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com