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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

US TSYS
US TSYS: The latest uptick in Coronavirus cases/deaths & the U.S. raising the
warning level re: citizen travel to China i.e. not to travel, dented risk in
Asia, while the Chinese PMIs & the Senate seemingly being on track to acquit
President Trump re: impeachment, assuaged some of the worry. T-Notes are 0-04+
off overnight session lows, but still -0-07+ lower than settlement at 131-02+,
with yields 0.2-0.4bp lower across the curve, after what was a fairly contained,
albeit interesting, Asia session. Flow wise, 10.0K 1x2 TYJ0 129.50/128.50 (which
was followed by 5.0K trading on screen), 10.0K 1x2 TYJ0 129.00/128.00 & 10.0K
1x2 USJ0 156.00/154.00 put spreads were lifted via blocks. The European
crossover has seen ~6.0K of FVJ0 119.50/121.25 risk reversals given at 0.5.
- Worth re-flagging yesterday's late rally in U.S. equities and big beats in
Amazon earnings, which came after the WHO declared the Coronavirus outbreak a
public health emergency of international concern. The WHO played up China's
efforts and capabilities to deal with the virus, which seemed to soothe worries.
- PCE data (embedded in yesterday's Q4 print), personal spending/income, UoM
sentiment (final) & Chicago PMI headline the local docket Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com