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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 finished Wednesday's session mixed with the short end
outperforming, and the curve steeper as a result.
- The FOMC Minutes came off balanced to dovish revealing a more cautious outlook
on the Funds Rate; Treasuries had little reaction to the release.
- Fedspeak was apparent throughout the session. Bostic stated that "the next
rate move could be up or down", with Rosengren following suit: "Open to rate
hike or a cut". Comments from the usually dovish Evans were a little more
nuanced, although still pointed to a wait and see approach.
- As trade talks wrapped, the U.S. Trade Rep noted that China pledged to buy
more U.S. agriculture & other goods, with a focus on fairness and reciprocity.
- Focus Thursday turns to an address from Fed Chair Powell, with Barkin,
Bullard, Evans, Kashkari & Clarida all set to hit the wires.
- T-Notes last 121.26+, U.S. 10-Year cash Tsy yields closed at 2.710%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com