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Asia Wakes Up To Further Flattening

US TSYS

A tight round of early Asia-Pac trade for the space, with the contract holding a 0-01+ range thus far, last printing unchanged at 139-17+.

  • The curve flattened on Wednesday, with soft ADP employment data and a brief pullback in the NASDAQ providing support at different points of the day, while the latest round of Fedspeak failed to move the needle. Futures block flow underscored the broader flattening theme that was evident.
  • Eurodollar futures sit +0.5 to -0.5 through the reds.
  • Chinese Caixin services & composite PMI data headlines during Asia-Pac hours on Thursday.
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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