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Early Rally Capped By Cross-Asset Moves

US TSYS

The light cheapening in Gilts and a bounce from lows in e-minis has helped cap the Asia/early London Tsy rally.

  • That leaves TY 0-01+ shy of best levels, last +0-10+, while cash Tsys are little changed to 5bp richer as the curve bull steepens.
  • Broader macro headline flow has been light since UK CPI & the aforementioned BBG source reports surrounding Chinese equity “window guidance.”
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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