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Downtick In E-Minis Lends Light Support


E-minis have moved away from their late NY session highs to trade little changed to 0.3% lower vs. settlement, lending modest support to U.S. Tsys in the process. TYH2 last -0-02 at 126-22 as a result, 0-01+ off the peak of its Asia-Pac range. Cash Tsys run 0.5-2.0bp richer across the curve, bull flattening. There hasn’t been much to move the broader macro needle, with the latest round of headlines surrounding China’s management of the troubled property sector failing to generate a market reaction. Participants remain sidelined ahead of today’s U.S. CPI print.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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