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A lingering feeling of uncertainty..........>

US TSYS
US TSYS: A lingering feeling of uncertainty supported core FI during Asia hours.
- T-Notes last +0-03+ at 129-29+, yields 0.5-1.8bp richer across the curve, with
the front end outperforming at the margin, aided by a strong 2-Year auction and
oversubscribed Fed POMO operation in the bill space on Tuesday.
- One positive that should be highlighted came via an FT interview with U.S.
CommSec Wilbur Ross. In The FT's words Ross "floated new talks with the EU as an
alternative to imposing tariffs on automotive imports next month, raising the
possibility of a further reprieve for Brussels in the transatlantic stand-off
over trade in the car industry."
- On the flow side, it is worth noting that we saw a 20.0K buyer of the TYZ9
133.00 calls on screen.
- Eurodollar futures +0.5-2.5 ticks through the reds.
- 2-Year FRN & conventional 5-Year supply headline the local docket Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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