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Bid On European Data, Bull Steepening On The Day

US TSYS

Tsys lean on the post-Eurozone services PMI bid seen in EGBs after the final reading for that print comes in a little softer than expected, with the downtick in the 1-Year inflation expectations component of the latest ECB consumer survey adding further support. That leaves the major cash benchmarks running 0.5-4.5bp richer, bull steepening. TYU3 firms from session lows after some Asia/early London weakness is reversed, testing Asia-Pac high in the process, last +0-04, 0-00+ off best levels.

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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