Trial now
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). All in all
it was a quiet session to end the week. - 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 last trading unchanged to a tick higher.
- The domestic 3-10 Year yield differential is 3.0bp steeper at 56.9bp (as the
lower short term rate fixings underpinned 3-Year paper), while the AU/US 10-Year
yield spread is 1.1bp wider at -10.4bp.
- 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.
- Focus now moves to and address from RBA's Kent on Monday and Tuesday's CPI
release.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com