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Bull flattening out to 10-Years in early....>

US TSYS
US TSYS: Bull flattening out to 10-Years in early cash trade, although 10s/30s
~5bp wider, as 30s lag, as the Asia-Pac region reacts to the latest bout of
volatility in NY trade.
- Swaps notably tighter in the main, excluding the wings of the curve, with 30s
underperfomance in the cash space accentuating the movement in 30-Year swap
spreads.
- T-Notes well bid, last +1-04 at 138-12, just off highs.
- Eurodollar futures -2.0 to +6.5 through the reds. twist flattening.
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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