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A very quiet Asia-Pacific session in the....>

US TSYS
US TSYS: A very quiet Asia-Pacific session in the wake of the Independence Day
holiday.
- T-Notes hold a touch above Wednesday's settlement levels, last +0-02 at
128-10.
- Yields across the entirety of the U.S. Tsy curve continue to print below the
upper bound of the Federal Funds Rate, with very modest bull steepening
apparent.
- Eurodollar futures unch. to +2.0 thru the reds vs. Wednesday's settlement
levels.
- Focus is squarely on today's NFP release, which will be integral for Fed
pricing. Fed Funds futures currently price a ~30% chance of a 50bp cut later
this month.
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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