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Early Uptick In Futures Extends As Asia Reacts To Thursday’s Fedspeak

US TSYS

An early bid in futures has extended since the cash Tsy re-open, with Asia-Pac participants reacting to Thursday’s unwind of some of the post-CPI Fed rate hike premium, which came as two of the more hawkish FOMC voters (Waller & Bullard) outlined their current preference for a 75bp rate hike to be deployed later this month. TYU2 last deals at fresh session highs, +0-05+ at 118-21+, operating in an 0-08+ range thus far, while cash Tsys sit 1-3bp richer across the curve, bull steepening.

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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