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USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

US TSY FLOWS
US TSY FLOWS: Tsys see-sawed in lower range all day, off lows by the bell as
equities continued to recover from last week's shellacking. Multiple factors at
play for the apparent risk-on move include month-end rebalancing flow.
- Data picked up today: w/stronger than exp Oct ADP private payrolls (+227k;
smaller than anticipated Sep down-revision to +218k), Oct MNI Chicago PMI little
weaker than expected (58.4 vs. 60.0 est).
- Decent volume belied rather subdued trade w/many close to sidelines ahead
Fri's jobs report, next week's midterm elections and FOMC (no change expected
from Fed).
- Two-way flow w/better sellers on net, prop and fast$ acct buying intermediates
late morning. Modest corp deal-tied hedging, swap-tied selling in short to
intermediates, decent two-way in 5s.
- Tsy futures nearly extended session lows late on pick-up of month
end/rebalancing flow (TYZ volume gained over 125k in last 10 minutes), lrg 15
FVZ Block buy 112-13. Tsy cash/ylds: 2Y 100-00 (2.873%), 5Y 99-15.5 (2.985%),
10Y 97-21.5 (3.151%), 30Y 92-21.5 (3.392%).
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com