Trial now
USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

Very quiet start to new week, Tsys.....>

US TSY FLOWS
US TSY FLOWS: Very quiet start to new week, Tsys trading mildly weaker all day,
drifting off late morning lows into the close w/yld curves paring back from
steeper levels. Light volume (TYH<875k) w/China out all week for Lunar New Year.
- Tsys extended session lows through the first half, matching moves in US$/Yen
as pair climbed to session high of 110.16. Tsys inched off lows from midday on
as US$/Yen slipped back below 109.85.
- US$ index held firmer (DXY +.265, 95.844); equities chopped higher into late
trade (SPX +13.25, 2717.5).
- Swap spds running tighter by the bell -- well off early wides. Early flow
included better receivers fading the move while midday flow includes payer in 2s
from 2.6775-2.6762%, receivers in 3s-4s, two-way in 5s w/better payers on net at
2.627%, small payer 7s at 2.6730%.
- On tap for Tuesday: Redbook retail sales m/m; Markit Services Index for
January; ISM Non-manufacturing Index (56.4 est); $38B 3Y note auction. Tsy
cash/ylds: 2Y 99-30 (2.530%), 5Y 99-26.75 (2.534%), 10Y 103-13.5 (2.720%), 30Y
106-06.5 (3.055%).
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com