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US TSYS

Repo Reference Rates

ARGENTINA

Government Halts Beef Exports

GILT AUCTION RESULTS

GBP812.495mln of the 0.125% Jan-24 gilt sold

BUNDS

Fades off the lows

DOLLAR-SWISS
DOLLAR-SWISS: USD/CHF hovers around unchanged levels, last dealing at CHF97.18,
after registering a fresh YtD low at CHF97.10 on Monday.
- Bear's now eye a break below the 76.4% retracement of the rally from the
September 2018 low to the YtD high at CHF97.06 ahead of the figure. Bulls
initially look to recover the June 21 low at CHF97.57.
- Citi FX's Positioning Indicator notes that "aggregate CHF positioning remains
stretched in long territory. However, there is a large divergence in underlying
positioning, with longs all concentrated within the leveraged community. Real
money are flat and retail are short CHF."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com