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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%

*** Tsys broke out of a narrow,.....>

US TSYS SUMMARY
US TSYS SUMMARY: *** Tsys broke out of a narrow, mildly mixed range after midday
as Pres Trump and Congress agree on stop-gap $7.85B funding for Hurricane Harvey
aide AND 3M debt ceiling ext'n annct!
- Moderate risk on/risk-off unwind followed limit ext'n annc. Tsys made new
session lows, equities gained (emini +6.75, 2466.50); USD gaining vs. Yen; Vol
knocked lower along w/gold (-7.14, 1332.51).
- Tue's 4wk bill yield rise over 2Y note yield has vanished. No real surprise
inversion is gone following stop-gap debt ceiling extension to Dec; general
opinion will invert again in Dec as time gets short. Swaps held wider lvls 
- Flow largely two-way in the first half, sporadic consolidation after Tue's
sharp curve flattening safe-haven rally. Geopol tensions re: N Korea steady,
markets reactionary. Specs and fast$ buying in short end early, real$ +10s and
30s, bank portfolio 2-way in long end. Flurry sales by real- and fast$ following
debt ceiling ext'n.
- Decent deal-tied flow after Tue's heavy $18.5B placement.
- 3pm ET: 2Y 1.302%, 3Y 1.410%, 5Y 1.681%, 7Y 1.930%, 10Y 2.101%, 30Y 2.722%
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com