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Liquidity Set To Return

US TSYS

T-Notes little changed at the re-open, last dealing +0-00+ at 132-22.

  • This comes after the contract stuck to an extremely tight 0-04+ range on Monday, with cash Tsys closed and futures subjected to curtailed trading hours owing to the observance of the Independence Day holiday.
  • Oil price dynamics will likely be worth watching, as post-holiday liquidity in Tsys picks up participants may react to Monday's bid in crude/any subsequent price action, with the continued OPEC+ impasse dominating.
  • Tuesday's local docket is headlined by the ISM services survey, while the RBA monetary policy decision presents the headline risk event during Asia-Pac hours.
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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