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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

UK
UK: While the government helping to pay wages is certainly an unprecedented
fiscal response, it is worth noting that so far London is suffering
disproportionately from the coronavirus and wages are higher than in the rest of
the country. Paying 80% of wages up to GBP2,500 will not be particularly
supportive in London when rents/mortgages are much higher than elsewhere in the
country.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com