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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%

AUSSIE BONDS
AUSSIE BONDS: The space has operated around the closing SYCOM closing levels in
the early part of the SFE session, with 3-Year Bond futures last trading at
97.725 (-0.5 tick), with 10-Year Bond futures at 97.175 (-3.0 ticks).
- 3-Month BBSW fixed 0.5bp lower today as repo rates eased, with the Bill strip
off of session lows, with the white and red contracts unchanged to a tick higher
on the session.
- The domestic 3-10 Year yield differential is last 3.1bp steeper at 57.0bp (as
the lower short term rate fixings underpin the 3-Year), while the AU/US 10-Year
yield spread is 0.7p wider at -10.0bp.
- The auction of the shortest 10-Year Bond future basket constituent passed
smoothly, with the line registering yet another extremely strong bid-to-cover
ratio at the auction, which is unusual for the shortest 10-Year basket bond,
pointing to persistent demand for the line.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com