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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 SUMMARY: Tsys trade mixed into the bell with the long end slightly
outperforming the short end, middle of the range on low volume (TYU 800k),
curves mixed; light data today has focus on headlines
-IRAN: Headlines out today; "TRUMP OUTLINES IRAN SANCTIONS PUSH IN
STATEMENT"-BFW, "TRUMP: THOSE WHO DON'T EXIT IRAN ACTIVITIES RISK
CONSEQUENCES"-BFW, "*ROUHANI SAYS IRAN OPEN TO NEGOTIATIONS IF U.S. IS
'SINCERE'"-BFW
-CHINA: "GRAINS/SOY: Rising U.S.-China Trade Tensions Drive Soybeans Down"-BFW
-CAD underperformed as Saudi Arabia severed investment ties with Canada after a
spat over Canada's call for the release of political activists
-GBP/USD hits YTD low ($1.2954) as it becomes more likely that the UK will leave
the EU without a trade deal
-DXY higher +.208 to 95.369, US$/Yen stronger (JPY +.15, 111.40,
111.53H/111.15L); equities higher (emini +9.50, 2,849.00); West Texas Crude (WTI
+0.31, 68.80); gold weaker (XAU -6.10, 1207.55); Tsy cash/ylds: 2Y 99-30.5
(2.647%), 5Y 99-23.75 (2.804%), 10Y 99-15 (2.936%), 30Y 100-25 (3.084%).
US TSY FUTURES CLOSE: Trading mixed with the long end outperforming the short
end, middle of the range, Curves mixed; update:
* 2s10s -1.503, 28.649 (27.758L/30.489H);
* 2s30s -0.889, 43.447 (42.015L/44.485H);
* 5s30s +0.533, 27.800 (26.411L/27.880H);
Current futures levels:
* Sep Ultra bonds futures up 08/32 at 156-27 (156-14L/157-12H)
* Sep 30-yr Bond futures up 07/32 at 143-06 (142-28L/143-18H)
* Sep 10-yr futures up 04/32 at 119-23.5 (119-17L/119-27H)
* Sep 5-yr futures up 01.25/32 at 113-10.75 (113-7.5L/113-12.75H)
* Sep 2-yr futures down 0.5/32 at 105-23.5 (105-23L/105-24.25H)
US EURODOLLAR FUTURES CLOSE: Trading steady to slightly higher, light volume
(TYU 792k), long end outperforming the short end. Current White pack
(Sep'18-Jun'19):
* Sep'18 0.000 at 97.585
* Dec'18 0.000 at 97.335
* Jun'19 0.000 at 97.185
* Jun'19 +0.005 at 97.080
* Red pack (Sep'19-Jun'20) +0.015-0.005
* Green pack (Sep'20-Jun'21) +0.020-0.015
* Blue pack (Sep'21-Jun'21) +0.025-0.015
* Gold pack (Sep'22-Jun'22) +0.025-0.020
TECHNICALS: 
US DOLLAR LIBOR: Latest settles,
* O/N +0.0050 to 1.9200% (+0.0050/wk)
* 1 Month +0.0032 to 2.0825% (+0.0032/wk)
* 3 Month +0.0002 to 2.3432% (+0.0002/wk)
* 6 Month -0.0031 to 2.5216% (-0.0031/wk)
* 1 Year -0.0005 to 2.8268% (-0.0005/wk)
US TSYS: *** /REPO REFERENCE RATES: (rate, volume)
* Secured Overnight Financing Rate (SOFR): 1.86% vs. 1.91% prior, $763B
* Broad General Collateral Rate (BGCR): 1.83% vs. 1.90% prior, $403B
* Tri-Party General Collateral Rate (TGCR): 1.83% vs. 1.90% prior, $384B
US SWAPS: Latest spd levels:
* 2Y +0.18/21.52
* 5Y -0.13/14.75
* 10Y -0.13/7.25
* 30Y -0.30/-4.68 
     OUTLOOK: Data/speaker calendar (prior, estimate): 
- Aug 07 04-Aug Redbook retail sales m/m 0855ET
- Aug 07 Aug IBD/TIPP Optimism Index (56.4, --) 1000ET
- Aug 07 Jun JOLTS job openings level (6638k, --) 1000ET
- Aug 07 Jun JOLTS quits rate (2.4%, --) 1000ET
- Aug 07 US Tsy $34B 3Y Note auction, 1300ET
- Aug 07 Jun consumer credit ($24.6B, $15.4B) 1500ET
- Aug 07 Jul Treasury Allotments (final) 1500ET
Eurodollar/Treasury Option Summary
Eurodollar options, Pit/screen:
* 12,000 Green Dec 66/68 put sprd at 19 vs 9694/0.66%
* 4,000 Oct 72 puts at 1.25 vs 9733/0.24%
* -4,000 Green Oct 70 Straddle at 23 vs 9697/0.08%
* 5,000 Oct 75/77 1x2 call sprd at 0.5
* -7,500 Green Dec 73 calls at 4.5 vs 9697/0.16%
* 10,000 Jun 72 calls at 9.5 vs 9708.5/0.34%, BLOCK
* -7,000 Blue Sep 67 puts at 1.5 vs 9699/0.10%
* 6,000 Sep 77 calls at CAB vs 9759/0.05%
* -5,000 Mar 72/75 put sprd at 19
* +5,000 Dec 70/71/72 put fly at 2.25 vs 9732.5/0.10%
* 6,000 Sep 73/75 2x1 put sprd at CAB
* 10,000 Sep 77 calls at CAB vs 9759.5/0.05%
US TSY OPTIONS: Latest trade,
* +7,000 TYU 120 calls at 18
* -5,000 TYV 118 puts at 8
* -10,000 TYU 118.5 puts at 3
* -5,000 TYV 118 puts trades 10
--MNI Chicago Bureau; +1 630-698-0154; email: ryan.martin@marketnews.com
[TOPICS: MTABLE,M$U$$$,M$$FI$,MN$FI$,MN$FX$]