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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

JGBS
JGBS: The JGB curve has continued the steepening seen on Thursday & Friday of
last week, JGB futures last trade are 150.62, up 4 ticks, after printing session
lows of 150.43, with cash yields well back from session highs with hedging
demand anticipated as we head towards the Golden week holiday.
- Last week's soft 20-Year JGB auction & the steepening of the US yield curve
have pressured longer dated JGBs with eyes on the BoJ's MonPol decision & May
JGB buying plan, both due on Friday.
- The latest round of BoJ Rinban operations, covering the 1-5 Year buckets, saw
a steady nominal amount of purchases, with the offer to cover ratios broadly
unchanged.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com