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Little to report on for the core global.....>

US TSYS
US TSYS: Little to report on for the core global FI space in Asia-Pac hours,
with a Japanese market holiday limiting liquidity/price action. T-Notes hold a
0-02 tick range, last -0-00+ at 129-02. There was a lack of reaction to weekend
developments (which although high in news flow volume, did little to move the
needle re: broader sentiment). Limited/no reaction to a dip in gold & USD/Asia
FX crosses was seen. Cash Tsys will remain closed until London hours owing to
Japanese holiday.
- Fedspeak from non-voters Rosengren & Bostic headline Monday's local docket.
Late Friday saw Fed voting dove Kashkari note that "U.S. monetary policy is in a
holding pattern for now, but the next move may well be to cut interest rates
given signs the economy may be weakening," in an interview with RTRS.
- A reminder that the Sino-U.S. phase 1 trade deal should be signed this week,
likely Wednesday. U.S. Tsy Sec Mnuchin noted that Chinese commitments re: the
trade deal haven't been altered in translation. Elsewhere, the WSJ reported that
"the U.S. & China have agreed to semi-annual talks to push for economic reform
and resolve disputes."
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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