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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

US TSYS SUMMARY
US TSYS SUMMARY: Tsys weaker, off recent lows at the moment even as US$/Yen
drives to top end of range. Relative calm overnight trade, back to modest summer
volume (TYU<225k), unwind portion of midweek risk-off support. US Pres Trump
affirms commitment to NATO while casting verbal barbs at Germany, Brussels. On
tap today, CPI (0.2% est), weekly claims (226k), Fed speakers Harker (1215ET)
and Kashkari (2000ET), final leg Tsy supply w/$14B 30Y bond auction.
- US$ index adds to Wed's gains DXY +0.201 to 94.920; US$/Yen higher +.55 112.56
(112.63H/111.92L); equities firmer (emini +15.0, 2789.0); gold firmer (XAU +1.20
1243.09); West Texas crude bounce after getting crushed Wed (WTI +.5, 70.88)
- Asia, steady/mixed vs. late NY lvls, better sellers emerged in the
intermediates as US$ gained, real$ selling 8s-10s, mild two-way into London
crossover
- London, continued selling, program and FX accts in 5s-10s, pre-auction shorts
in long end, some deal-tied buying in short intermediates. Swap spds
steady/mixed, payers in 2s, mixed curve flow. Tsy cash/ylds: 2Y 99-26 (2.594%),
5Y 99-10.5 (2.769%), 10Y 100-02.5 (2.864%), 30Y 103-09 (2.957%).
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com