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Broader risk-off flows on the back of.......>

US TSYS
US TSYS: Broader risk-off flows on the back of Thursday's market developments,
coupled with a soft Chinese trade print have allowed T-Notes to consolidate
around Thursday's settlement levels. The contract is trading at best levels at
writing, with yields a little lower across the curve as the belly outperforms.
- Eurodollar futures trade unchanged to 0.5 tick higher.
- Focus today moves to the latest U.S. labour market report, with building
permits and housing starts due at the same time.
- As an aside, Fed Chair Powell will make an address over the weekend, and he
will also appear on television on Sunday.
- T-Notes last 122.21+, U.S. 10-Year cash Tsy yields last 2.630%.
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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