EM LATAM CREDIT: Colombia: 6bn Local FX debt Private Placement - Positive
(COLOM; Baa3/BBneg/BB) * Colombia placed USD6bn equivalent of local bonds today with a buy and hold...
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FED: US TSY 20Y BOND AUCTION: NON-COMP BIDS $99 MLN FROM $16.000 BLN TOTAL
- US TSY 20Y BOND AUCTION: NON-COMP BIDS $99 MLN FROM $16.000 BLN TOTAL
US 10YR FUTURE TECHS: (Z5) Resistance Remains Intact
- RES 4: 114-02 High Oct 17 and the bull trigger
- RES 3: 113-29 High Oct 22
- RES 2: 113-18+ High Oct 28
- RES 1: 113-04+ High Nov 14
- PRICE: 112-27+ @ 17:39 GMT Nov 19
- SUP 1: 112-10/06+ 100-dma / Trendline drawn from the May 22 low
- SUP 2: 112-06 Low Sep 25 /
- SUP 3: 111-31 Low Sep 2
- SUP 4: 111-23 50.0% retracement of the May 22 - Oct 17 bull leg
Resistance at the 113-02 level in Treasuries, an area of congestion since Nov 5, remains intact. A clear breach of this hurdle would be a bullish signal and suggest scope for a climb towards 113-18+, the Oct 28 high. A breach would also cancel a short-term bearish theme. For bears, attention is on 112-10+, the 100-DMA and 112-06, the Sep 25 low. Trendline support also lies at 112-06+.
STIR: Front Rates Sell-Off On Delayed Payrolls Rescheduling
Front rates have seen a sizeable sell-off on the back of the above rescheduling of payrolls reports, on data fog grounds as the latest BLS report the Fed will now have for its FOMC meeting on Dec 9-10 being tomorrow's report for September.
- SFRZ5 is 2 ticks lower since the news.
- FOMC-dated OIS now sees 9-9.5bp of cuts for the Dec meeting.
