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Bonds Bid, USD Offered, E-Minis Off Lows

CROSS ASSET

Cross-market flows continue to dominate, with a fresh bid in Tsys seemingly supporting equities and weighing on the USD.• Little on the headline flow front outside of fund manager Bill Ackman disclosing that he has covered his short position in Tsys, which could be providing some light support for bonds.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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