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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

AUSSIE BONDS
AUSSIE BONDS: The space played catch-up to Monday's goings on in SYCOM trade,
with bull flattening apparent in futures. Contracts sit shy of their respective
SYCOM peaks as we type, YM +5.0, XM +7.5, leaving YM/XM 2.5 ticks flatter vs.
Friday's settlement, at 34.0 ticks.
- Worth flagging a block trade from the final SYCOM session of last week, which
sources suggest looked like the unwinding of a YM/XM flattener position. 6,098
YM traded vs. 1,688 XM, with the spread crossing at 37.5.
- Bills print 2-5 ticks higher through the reds.
- The NAB business survey headlines the local docket today. The usual amount of
focus will fall on the labour market sub-components/commentary, although
business reaction to the well-documented bushfires provides another major focal
point in this month's reading.
- IBs currently price a ~78% chance of the RBA leaving its cash rate unchanged
when it convenes next week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com