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EQUITY TECHS

E-MINI S&P (Z1): Trades Below Its 50-Day EMA

EUROSTOXX50 TECHS

(Z1) Trades Through Support

BONDS

All About Evergrande

BTP TECHS

(Z1) Bearish Focus

AUSSIE BONDS
AUSSIE BONDS: The lack of notable headway made at the latest round of U.S.-China
trade talks (as expressed in MOFCOM's communique) put a fresh bid into global
fixed income in early Asia-Pacific trade, perhaps a degree of buy the rumour
sell the fact, pushing AU bond futures higher. The initial impetus from the move
has subsequently faded. YM last +0.5 tick, with XM adding 1.0 tick. YM/XM deals
at 51.5, with the cash 3-/10-Year yield differential last 48.4bp. AU/U.S.
10-Year yield spread last -38.8.
- White and red bills trade 2 ticks lower to 1 ticks higher at writing. RBA
Reverse repo ops saw A$665mn worth of 21-Day ops dealt at 2.010% & A$1.885bn
worth of 83-Day ops dealt at 2.036%, rates consolidating above 2.0%. 3-Month
BBSW fixed 0.57bp higher today.
- IFC priced a A$400mn tap of its March 2023 social bond at swaps +40bp.
- Focus tomorrow will turn to AU retail sales & the weekly AOFM auction
schedule.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com