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USD bid is the early story of the day

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Finland 10y: Spread set

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US TSYS
US TSYS: From BNP Paribas' U.S. Tsy trading desk "in theory, a trade war with
China is inflationary; but that could cause FOMC to speed up tightening; plus,
we believe LDI demand for the long-end will continue (even if we are past the
Sept 15th tax date). On the flip-side, the only reason we could see the Fed
slowing their tightening cycle, is related to the economy, or yield curve
inversion. Thus, we think the $ curve is biased to continue to flatten."
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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