Trial now
RBA

Upcoming Lowe Appearance Postponed

JGBS

Curve Twist Steepens, Bucking The Trend

AUSSIE BONDS

IRU1 Given

AUSSIE BONDS

Correction To XM Price In Previous Bullet

US TSYS SUMMARY
US TSYS SUMMARY: Tsys drifting around mildly lower levels in the second half,
holding a narrow range on light volume (TYU<660k). 
- General opinion reflected by market is little new ground covered. was brief
period of selling down to (mild) session lows then steady (but mild) buying
around time Powell mentioned protectionist trade policies not good.
- Back to summer trade (not much expected from House FSC testimony tomorrow)
Bullard Friday ahead Saturday blackout.
- US$ index firmer: DXY +0.475 to 94.986; US$/Yen higher +.58 to 112.87
(112.93H/112.23L); equities stronger (emini +16.25, 2812.75); gold hammered (XAU
-13.771, 1227.23); West Texas crude near steady after Mon's sell-off (WTI +0.18,
68.23).
- Participants stayed close to the sidelines, traders disappointed, were keen to
hear more on curve flattening and trade war implications; too many unknowns for
them to game out. Two-way flow on range, some deal-tied hedging across curve
(MUFG 6-parter covers 3Y-20Y). Tsy cash/ylds: 2Y 99-25 (2.611%), 5Y 99-12
(2.759%), 10Y 100-04 (2.858%), 30Y 103-02.5 (2.968%)
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com