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It was a strong finish to the..........>

US TSY/RECAP
US TSY/RECAP: It was a strong finish to the session for rates, Tsy futures made
new session highs following steel/aluminum tariff announcements by US President
Trump, with subsequent Europe and Canada based headlines pointing to
countermeasures spurring a late risk-off move. 
- It was a relatively choppy session with several round trips in rates.
- Focus had been back on Fed Chair Powell as he made second MonPol testimony.
- Powell stated that he can't be "too aggressive" in tightening policy
w/inflation still below target, while Fed's Dudley noted that he believes 4
hikes in 2018 would be "gradual". 
- On the day there was heavy 2-way flow as the belly led the way higher.
- T-Notes last at 120.16+, 10-Year yields last 2.808%
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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