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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

JGBS
JGBS: The JGB curve has continued the steepening seen on Thursday & Friday of
last week, JGB futures last trade 11 ticks lower at 150.47, after printing
session lows of 150.43. - Last week's soft 20-Year JGB auction & the steepening
of the US yield curve has pressured JGBs with eyes on the BoJ's MonPol decision
& May JGB buying plan, both due on Friday.
- Swaps have widened from 10-Years out, but narrowed in the maturities up to
10-Years.
- Futures have crossed under the low from Feb 15 (150.51), with the next support
level noted at the Feb 01 high (150.36). Bulls now look for a close back above
Friday's hourly resistance level (150.66).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com