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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

SONIA
SONIA: The front end of the Sonia curve is marginally flatter in early Thursday
morning trade compared to Wednesday's close, supported by comments from China's
SAFE that reports of slowing UST buying could of been from wrong source or fake
news. While last night Hammond appeared to not rule out paying EU for UK bank's
to get access to EU financial markets after Brexit. Looking ahead BoE credit
conditions & bank liabilities surveys are released at 0930GMT. MNI PINCH
calculate a 43.5% chance of a rate hike in May 2018 and see following levels in
short end Sonia:-
* 6-mth unch at 0.509%
* 9-mth unch at 0.554%
* 12-mth unch at 0.596%
* 15-mth unch at 0.629%
* 18-mth unch at 0.66%
* 21-mth -0.1bp at 0.688%
* 2-yr unch at 0.716%
* 3-yr -0.2bp at 0.806%