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USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

US TSY/RECAP
US TSY/RECAP: Tsys were trading mildly higher into the bell, with T-Notes
closing near the middle of the range and the curve running flatter. Risk
aversion centring on Italy was the driving force on the day.
- Elsewhere Fed Chair Powell said that the Federal Reserve needs to continue
gradually raising interest rates to balance both upside and downside price risks
at a time when unemployment is sub-4% and yet inflation remains puzzlingly tame.
- The U.S. data slate was light.
- The Comcast deal books were rumoured to be over $88bn, with an issue size of
$27bn. The 12-tranche deal priced late on, as follows: $1.75bn 2-Year Fixed +50,
$1.25bn 2-Year FRN at 3mL+33, $2bn 3-Year Fixed at +60, $1bn 3-Year FRN at
3mL+44, $2.5bn 5.5-Year Fixed at +75, $500mn 5.5-Year FRN at 3mL+63, $3bn 7-Year
Fixed at +95, $4bn 10-Year Fixed at +110, $3bn 20-Year Fixed at +140, $4bn
30-Year Fixed at +150, $2.5bn 40-Year Fixed at +175.
- Services PMI & ISM, as well as ADP headline on Wednesday. On the Fedspeak
front Powell, Brainard, Barkin, Evans & Mester will speak.
- T-Notes last 118.25, U.S. 10-Year cash Tsy yields closed at 3.063%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com