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Light Pressure seen

US TSYS

10s still leading the way lower in cash, now ~2.5bp cheaper vs. Friday's closing levels, with pockets of selling in TYU1 keeping pressure on in futures. T-Notes last -0-06+ at 131-23+. Headline flow remains light with the Chinese Caixin manufacturing PMI survey due to be released imminently and no notable surprises in today's USD/CNY mid-point fixing. Perhaps an element of the latest uptick in oil spilling over into Tsys.

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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