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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

USTs Remain Offered

US TSYS

The sell-off in USTs has lost some momentum, while remaining offered on the day. The risk-on flow in Europe fed through to US markets and contributed to bear steepening of the UST curve. Long-end yields are 5bp higher on the day while TYH1 last printed 136-19+ and holding just above the day's love 136-18.

MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com