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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

US TSY FLOWS
US TSY FLOWS: Tsy futures trading weaker, near middle overnight range on
moderate volume, Tsys trailed bounce in EGBs on Reuters report that ECB Draghi
will not make new policy comments at next week's Jackson Hole economic
symposium. Equities firmer (emini +4.0, 2467.75), gold little lower (-1.0,
1270.52), oil little higher (WTI +0.13, 47.68).
- Asia, early two way flow kept rates in narrow range, credit-tied selling
w/ready bids below, Asian end users bought 10s.
- London, sources reported end-user buying in the short end, real$ selling in 5s
and 10s early in London trade. Flurry of buying on Rtrs story Draghi will hold
off on policy "debate" until Autumn, foreign central bank buying 2s and 3s,
fast$ bought 5s, misc accts bought 10s and 30s.
- Swaps, spds running steady to mildly wider out the curve, light deal-tied
paying.
- Overnight repo, 2- and 5Y notes both tight.
- Eurodollar, steady to mildly lower out the strip; 3M LIBOR climbs +0.0025 to
1.3167% (+0.0017/wk).
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com