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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

US TSY/RECAP
US TSY/RECAP: Tsys were broadly lower on Thursday, with the curve finishing
steeper on decent enough volume, as 10-Year yields closed above 2.90%.
- Tsys opened weaker, following Bund/Gilt sell-off during early London hours.
- Tsys ratcheted lower, with part of the move technically based, with added
pressure from FX.
- Fed Governor Brainard noted that inflation exp. were well anchored, but cited
some signs of imbalances.
- Notable flow included CTS stop-outs in the intermediate to long end, with
curve play unwinds seen. Real money & bank accounts were sellers of 10- &
30-Year paper.
- The Eurodollar strip was steady/mixed in the short end and lower/off lows out
the strip after the bell.
- Fed voter Mester is due in Asia-Pacific hours, with non-voter Evans due to
speak on Friday.
- T-Notes last at 119.27+, US 10-Year yield last at 2.910%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com