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Little in the way of tier one headline......>

US TSYS
US TSYS: Little in the way of tier one headline flow during Asia hours, although
U.S. Pres. Trump reverted to a more aggressive tone re: matters surrounding the
Fed, after he had initially pointed to a cordial meeting with Fed Chair Powell
on Monday. Elsewhere, focus continues to fall on HK & the trade war. T-Notes
-0-00+ at 129-10, yields marginally mixed across the curve. A light bid was seen
in the wake of the RBA's most recent recent meeting minutes, although there was
no standout flow in Asia hours. Eurodollar futures unch. to 1.0 tick lower
through the reds.
- As a reminder, cautious SCMP & CNBC source reports put a bid into the space
during Monday's NY session, although an eventual +ve, albeit marginal, close for
Wall St., in the wake of confirmation of another 90-day reprieve for Huawei via
licencing matters, saw T-Notes back from best levels late yesterday.
- Sep TIC data pointed to foreigners shedding ~$34.3bn worth of Tsy Bonds &
Notes. Agg foreign official selling of Tsys picked up, registering the sharpest
rate of selling since Jan 2016 (~$50.7bn). An address from Fed's Williams,
housing starts, building permits & 10-Year TIPS supply are all due Tuesday.
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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