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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 w/EGBs, near late overnight lows on
average volume. Risk-on tone gains momentum as N. Korea threat eased as Kim Jong
Un backed off threat, wants to observe US more before acting. Equities stronger
(eminis +6.00, 2469.50), gold weaker (-7.70, 1274.44), oil weaker (WTI -.29,
47.30)
- Asia, quiet start, Tsys slipped lower soon after N. Korea comments aired, held
range into London cross amid two-way flow in 3s and 5s, Asian banks bought
2s-5s.
- London, lighter volume amid Assumption Day holiday in some European countries.
Flow included misc acct sales in intermediates to long end vs. real$ buying
short end, credit-tied buying in 30s, roll volume picks up in Sep/Dec futures. 
- Swaps, spds running mildly tighter ahead expected issuance from Amazon (AMZN)
today, 5-tranches w/estimates from $16-25B.
- Eurodollars, weaker across the strip, Blues-Golds (Sep20-Jun22)
underperforming.
- Overnight repo, 2Y remains tight
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com