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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 TSYS
US TSYS: Tsys have ticked away from closing levels in early Asia-Pacific
dealing, after a flurry of late selling activity Wednesday which was linked to a
TYZ8 block seller and the bid in U.S. equities.
- Yields have edged lower across the curve, after the flattening that was
observed Weds, although a buoyant session for regional equities has limited any
fall in U.S. yields.
- Notable options flow thus far: TYZ8 118.00/118.50 call spread 3.0K given at
0.10.
- Worth noting that Japanese investors purchased the largest amount of U.S.
sovereign bonds (on a monthly basis) in 2-Years during September according to
the latest Japanese BoP data, as the uptick in U.S. Tsy yields drew Japanese
investors in (likely on an unhedged basis).
- Focus now falls on today's FOMC decision, with no change exp. & most looking
for a hike in December, eyes on language re: the economy, while most will look
to the minutes for any discussion re: IOER/and floor/corridor system debate.
- T-Notes last 117.26, U.S. 10-Year cash Tsy yields last 3.234%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com