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Flat Start, Cash Biased A Touch Cheaper


Cash Tsys run little changed to 1.5bp cheaper at present, with 7s leading the weakness. Meanwhile, TYU2 futures operate within the confines of a narrow 0-04 range, last dealing +0-01+ at 119-10. Markets are seemingly happy to look through the previously outlined U.S. lawmaker visit to Taiwan, with a slight bias lower for e-minis evident at present after Friday provided the latest leg to the recent equity rally (the 3 major futures contracts are 0.2% lower at typing). Chinese data & PBoC liquidity matters present the focal point of the Asia-Pac session. Outside of that, it will likely be a case of headline watching and keeping an eye on cross-market flows.

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

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