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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

*** Tsys trading mixed into the.....>

US TSYS SUMMARY
US TSYS SUMMARY: *** Tsys trading mixed into the second half after a weaker
open, curve flatter with long end near session highs; 10Y yld holding below 2.4%
at 2.372%. Quiet at start of 2-day FOMC policy meeting, relatively low volume
day (TYZ<860k), low open volume w/Germany out on holiday. 
- Month end support contributing to mild bid that emerged after the opening
bell, limited react to 3Q ECI +0.7% as expected, US Redbook Oct store sales
-1.3%, US Aug Case Shiller home price index +0.5% m/m and strong Oct Chicago PMI
number of 66.2 up from 65.2 in Sep. Carry-over support after bid developed in
Euro bonds.
- Modest two-way across the curve w/relative value and month end buying vs.
FX-tied sales as US$ climbed vs. Yen. Modest deal-tied flow in the mix. Two-way
position squaring ahead Fri's NFP (315k est vs. -33k in Sep)
- Powell leads replacement Fed chair poll at 90% ahead expected annc by US Pres
Trump Thu. Taylor pick likely to roil mkt/bear flattening rates.
- Swap spds holding mildly tighter amid receiver flow in 5s and 7s on modest
size, payers in 2s helping flatten the spd curve slightly.
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com