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Core FI was left to drift in sympathy.......>

US TSYS
US TSYS: Core FI was left to drift in sympathy with broader risk-related flows
in the first Asia-Pac session of the week, with little in the way of headlines
apparent. Early caution was evident surrounding COVID-19 worry in the U.S., a
poor restart to President Trump's rally tour and the defensive end to Friday's
NY session. That was before e-minis regained some poise and ultimately edged
higher during Asia-Pac hours. T-Notes last +0-01 at 138-26, around the middle of
the 0-05 range observed, yields little changed across the curve.
- Small downside interest provided the "highlight" on the flow side, with the
TYU0 138.00/137.00 put spread seeing paper pay 0-16 on 4.0K, per a market
contact.
- Eurodollar futures sit little changed through the reds.
- A fairly low-key U.S. docket to start the week, so focus will likely fall on
the broader risk backdrop and headline flow.
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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