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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

BOND SUMMARY
BOND SUMMARY: The beginning of Lunar New Year has dented activity. On the news
front, updates re: China's coronavirus remain closely watched. Elsewhere, RTRS
pointed to Jan 29 as a potential signing data for the USMCA pact. T-Notes
range-bound, last trade +0-01 at 129-26. Cash yields trade marginally higher
across the curve. Eurodollars trade -0.5 to +0.5 tick thru reds.
- JGB futures last trade -4 ticks vs. settlement at 152.32. Yields are
marginally mixed in cash trade. The local data of note included CPI
(accelerated, headline reading more than expected) and flash Jibun Bank PMIs
(improved, with services & composite indices returning to expansion).
- In Australia, YM is unch. & XM +2.0. A degree of twist flattening crept into
the cash yield curve as Westpac pushed their RBA easing call to Apr from Feb;
this has moderated since but the curve still runs flatter. Bills trade -1 to +1
tick through the reds. CBA released their flash PMI readings for Australia, all
three of them slightly softened. Across the ditch, NZ CPI provided marginal
beats vs. exp. The AOFM released their weekly issuance schedule, a summary can
be found in an earlier bullet.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com