Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

US TSY/RECAP
US TSY/RECAP: Tsys edged higher on Thursday in the lead-up to Friday's NFP
release, but finished off of highs, as Trump offered indefinite exemptions for
both Mexico & Canada re: metals tariffs (contingent on NAFTA progress).
- Tsys opened NY dealing lower, following the ECB's removal of its easing bias,
but rates rebounded on mildly dovish ECB Draghi statements.
- Tsys gradually traded higher into midday, with huge Bund short cover flow
lifting EGBs & Tsys in tow.
- Decent deal-tied flow was noted, with a good pick-up ahead of typically quiet
Friday for issuance; two-way trade/positioning ahead NFP was also seen, with
heavier bullish option trades noted (largely long put unwinds/buying calls.)
- T-Notes last 120.06, 10-Year yields last 2.857%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com