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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

JGBS
JGBS: The JGB curve was largely unchanged on Tuesday.
- The US Tsy curve bull flattened on Tuesday, in response to the firing of
Secretary of State Tillerson & an inline CPI release. A solid 30-Year bond
auction added further support to the space.
- Focus today will fall on the BoJ's Rinban operations covering bonds with 1-10
Years until maturity. Today will also bring the release of the BoJ's January
meeting minutes & January core machine orders data.
- Barclays suggest that "with USTs continuing to bull-flatten overnight, today
could see buyers take the upper hand in the JGB market, led by the long end,
amid risk-off flows despite a 20y auction awaiting on Thursday."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com