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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

The Asian session saw an official...>

US TSYS SUMMARY
US TSYS SUMMARY: The Asian session saw an official denial of the Bloomberg story
that China was to slow or stop the buying of Treasuries. the news was worth
around 4/32nds on the TY contract but enough to finally and completely erase the
drop in prices that the story had caused.
- A Bloomberg Chinese bureau journalist on Bloomberg TV commented that the
Chinese denial some somewhat ambiguous, rather than a flat denial creating the
impression that there is no smoke without fire.
- The 10Y UST yield is 2.4bp lower today at 2.533% with a small 2-10Y curve
flattening.
- There has been a flurry of TY activity in early London trade with a large TY
block buyer of 6579 priced at 123.03 (08.43GMT) following on from a 13k spike in
volumes at 0813GMT, which followed strong TY buying.
- Yesterday, the 10Y note auction brushed aside concerns of Chinese buying and
witness extremely firm demand. The coupon supply concludes today with the 30Y
Bond auction. Note that the US bond and futures markets will be closed on Monday
and there is the important CPI release tomorrow.